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| Article Name : | | | IMPACT OF TRADE COSTS ON TRADE FLOWS | | Author Name : | | | Shelly Gupta | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | ROR-1383 | | Article : | |  | Author Profile | | Abstract : | | | The first theories of international trade dates back to time of Adam Smith (1723-1790) and David Ricardo (1772-1823), when they advocated that free trade will be mutually beneficial for countries entering into trade. Now in the present time of 21st century, we are again heading back to the concept of free trade with institutions like WTO preaching nations to lower their tariffs and encouraging the advancement of free trade. | | Keywords : | | - advancement
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