This book investigates the core theories of international trade and their application to contemporary economic issues. Professor Bharat Hazari, a noted economist, draws upon his expertise to connect foundational theories like comparative advantage and factor-price differentials with real-world economic expansion and the terms of international trade. The text addresses critical economic problems such as tariffs, the economic dependency of developing nations, and evolving global trade patterns, demonstrating the practical relevance of theoretical frameworks.

This 1986 publication, reissued in 2018, offers a comprehensive survey of the pure theory that forms the foundation of international trade studies. The book is structured to connect established economic theories with contemporary developments and practical problems. Its focus on the core of the topic makes it a valuable resource for students and scholars in the field. The text aims to elucidate how theoretical constructs inform our understanding of global economic challenges.