Answer the following questions on government policy and international trade

Chapter 6: International Trade Theory

Chapter 7: Government Policy and International

Week-6 Discussion – This assignment will help you digest the textbook material. In the Discussion Forum, post an APA formatted paper of at least 600-words about the week’s reading material. The post must be substantive and demonstrate insight gained from the course material and be posted no later thanWhat is your understanding of the material covered? Also, address in your own words:

Chapter Six

• Summarize the different theories explaining trade flows between nations.
• Explain the arguments of those who maintain that government can play a proactive role in promoting national competitive advantage in certain industries.
• Explain the important implications that international trade theory holds for management practice.

Chapter Seven

 

• Understand why governments sometimes intervene in international trade.
• Describe the development of the world trading system and the current trade issue.

• Explain the implications for managers of developments in the world trading system.