International Economics refers to that part of Economics , which deals with "the economic and financial interdependence among nations". It analyses the flow of goods, services, payment and monies between a nation and the rest of the world the policies directed at regulating these flows, and their effect on the nation's welfare.
SCOPE OF INTERNATIONAL ECONOMICS :
1. International trade theory
2. International trade policy
3. Balance of payment
4. Foreign exchange markets
5. Open Economy macro economics.
CURRENT INTERNATIONAL ECONOMICS PROBLEMS :
1. Trade restriction imposed by industrial countries
2. Fluctuations and dis equilibrium in exchange rates
3. Financial crises in emerging market economies
4. Regional problem become global
5. Job insecurity in the united states
6. Restructuring problem of transition economies
7. Deep poverty in many developing countries.
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