Course Objective

 To give an understanding of the trends in and pattern of global trade in goods and

services with a special reference to India

 Module 1

 Global trade and business - a very brief historical review of global trade -. role or global

trade in business - importance of global trade to business - impact of global trade on

business - trends in trade-GDP ratio - general trends in global trade - developed versus

developing countries in global trade.

 Module 2

 Merchandise trade - trends in volume and value growth - trends in composition'- leading

merchandise importers and exporters- trends in regional pattern of trade - trends in trade

balances - analysis of lndia's merchandise trade.

 Module 3

 Services trade - significance of services trade - trends in services trade growth - factors

affecting services trade - trends in composition of services trade - leadi.ng exporters and

importers of services- developing countries and services trade - trends trade balance -

services trade and clirrent account - trends in current account .- analysis of India's

services trade and current account trends

 Module 4

 Trade blocs - forms of economic integration - rationale, objectives and benefits of

regional integration / trade agreements (RlAs / RTAs) - effects of RTAs – RTA’s and

business - European Union - EU and India - NAFTA and other important RTAs

regional integration and cooperation schemes involving India - RTAs and global trade.

 Module 5

 WTO - organization, objectives, principles and functions of WTO - WTO and trade

liberalization - A bird's eye view of WTO agreements - WTO and IPRs - Indian Patents

Act - evaluation of WTO - WTO and developing countries -WTO and India - recent and

Currentdevelopments.