International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them.
The following topics are a sample of those considered in the field of international economics: Exchange rates and flows of money between countries. Free trade and trade disputes, such as the softwood lumber dispute. Immigration and migration between countries. The role regulations and shipping costs play on trade flows.
International economics deals basically with those economic principles which govern the exchange of goods (and services) between sovereign nations and with special policy problems which arise in view of this.
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