International Business & Trade

Training Overview: The purpose of this training is to provide participants with a solid understanding of the concepts and methods of international trade and to be able to apply this knowledge in realistic business settings. 

Goals:  

• Understand the theory and mechanisms of international trade & finance. 
• The WTO and the contemporary issues in international trade. 
• Key aspects of the management of an international business in the context of the global trade and finance architecture. 

Content:

• The Comparative Advantage Theorem as well as the Heckscher-Ohlin model. 
• The distinction between various approaches to international trade.
• Tariff and non-tariff barriers to trade.
• Critiques of established theories of international trade.
• The rudiment of trade finance.
• Explanation of international institutions such as the WTO, IMF and the World Bank.
• Exchange rate determination.
• Understanding of the principles of hedging and the various methods in which hedging can be used to reduce risk.

Training Methodology: 50% Theory, 50% Practical

This will be an interactive session, drawing from experience and prompting the participants to engage in discussions and analysis of case studies and the readings (provided by the trainer) as well as role-play activities carried out during the training.