Once proper spacing (refer to your local build-ing code) has been established, mark your rail and cap with a pencil where you will drill your holes according to the diameter of your baluster. Drill 1/2 inch deep into the cap and 1 inch deep into your handrail. This will allow you to slide the baluster up into the handrail and drop down into the cap. www.houseofforgings.com. 789 Measure and cut your balusters 1-1/2 inches longer than the distance between the bottom of the handrail and the top of the base cap. It is best to use a portaband saw to cut the balusters. If you are using shoes/collars or knuckles on your balusters put them on now before continuing to step 9.
International Trade Theory deals with the different models of international trade that have been developed to explain the diverse ideas of exchange of goods and services across the global boundaries. The theories of international trade have undergone a number of changes from time to time.
Background Essay. In the 18th century, an economic theory called mercantilism dominated European international trading policy. Mercantilism is the belief that the best way for governments to accumulate wealth and political power is to promote a positive balance of tradeâin other words, nations must export more than they import. In order to accomplish this, European powers established colonies and closely regulated international trade.