This document discusses key concepts in global and international business including international trade, tariffs, non-tariff barriers, subsidies, quotas, and reasons for trade policies. It outlines different types of international trade such as intra-firm, inter-firm, intra-industry, and inter-industry trade. It also defines tariffs, non-tariff barriers like technical barriers and import charges, subsidies in the forms of cash grants and tax breaks, and quotas including tariff rate quotas and voluntary export restraints. Finally, it lists reasons for trade policies around protecting domestic industries, consumers, and national security and benefits of international trade such as increased exports and competition.

1. Global and International Business

2. • The act of buying and selling goods and services.
• Exchange (something) for Something else, typically as a
commercial transactions

3. • Exchange of services and goods across various
geographical boundaries
Types of International Trade
• Intra-firm trade
• Inter-firm trade
• Intra-industry trade
• Inter-industry trade

4. • Tariffs
• Non-Tariffs
• Subsidies
• Quotas

5. Tax that is imposed by the importing country when an
imported good crosses its international boundary.
Types
• Specific (per unit tax)
• Ad valoren (% of the value of good)

6. Non Tariffs Mechanism us by countries to restrict imports
• Technical Barriers to trade
• Specific limitations on trade
• Charges on Imports
• Investment regulations
• Immigrants policies

7. A payment made by a government to domestic procedure
based on quantity produced
Forms
• Cash Grants
• Low Interest Loan
• Tax Breaks

8. Quota is a limit on the quantity of a good that may be
imported or is a direct restriction on the quantity of some
good that may be imported into a country.
• Under the tariff rate quota
• Voluntary export restraint VER

9. • Protecting Domestic Employment
• Protecting Consumers
• Infant industries
• National Security
• Retaliation
• Anti Dumping

10. • Theory of Comparative advantage
• Increased Exports
• Economies of Scale
• Increased Competition
• Surplus raw materials

11. Questions