Learning Outcomes

In this free course, you will learn how to:

• Discuss the classifications of barriers to internationalisation
• Describe the three models of multinational corporations
• Explain the two approaches to exports and imports
• Discuss the assumptions of the theories of specialisation
• List the factors that determine which goods a country can produce efficiently
• Describe the steps in the ‘Product Life Cycle’ theory of trade
• Discuss the ‘Factor Mobility’ theory
• Outline the assumptions of the 'foreign trade multiplier'