governmentAL INFLUENCE ON TRADE OBJECTIVES • To realize the rationales for government policies that enhance and restrict trade • To interpret the effects of pressure groups on trade policies • To understand the comparison of protectionist rationales used in high-income countries with those used in low-income countries’ economies • To comprehend the potential and actual effects of governmental intervention on the free flow of trade • To understand the major means by which trade is restricted and
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American Free Trade Agreement‚ one of the largest free trade areas‚ which in 1994 established a free-trade zone between the US‚ Canada‚ and Mexico. NAFTA passed with some important negotiations to protect the environment and labor standards. In 2001‚ President Bush organized the proposal of expanding NAFTA to a Free Trade Area for the Americas‚ surrounding 34 countries and 800 million people by 2005. President Obama continues to push for expansion to CAFTA known as Central America Free Trade Agreement
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Throughout history different regions have been able to trade with other areas across the continents. Many factors helped facilitate this trade. Among these factors were the laws of supply and demand‚ the presence of middlemen‚ and common religions. Under the influence of these factors‚ silk‚ jade‚ dye‚ horses‚ and many other goods were traded throughout Asia‚ Africa‚ and Europe. Not only did these factors increase trade‚ but it also helped spread ideas and culture across the world. This cultural
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International Trade and Finance Speech ECO/ 372 March 21‚ 2013 Good evening everyone! It is a pleasure to be here. This evening I will first briefly review the International trade and Financial state of our economy….. What happens when there is a surplus of imports brought into the U.S Domestic producers competing with imports suffer from lower prices and fewer sales
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International Economics‚ 9e (Krugman et al.) Chapter 9 The Instruments of Trade Policy 9.1 Basic Tariff Analysis 1) Specific tariffs are A) import taxes stated in specific legal statutes. B) import taxes calculated as a fixed charge for each unit of imported goods. C) import taxes calculated as a fraction of the value of the imported goods. D) the same as import quotas. E) import taxes calculated based solely on the origin country. Answer: B Page Ref: 192-198 Difficulty: Easy
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EAE 307: INTERNATIONAL ECONOMICS I INSTRUCTOR: P. M. KUUYA SCHOOL OF ECONOMICS DEPARTMENT OF APPLIED ECONOMICS EAE 307: INTERNATIONAL ECONOMICS I LECTURER: P. M. KUUYA TABLE OF CONTENTS 1 LECTURE ONE 6 1.0 INTRODUCTORY LECTURE 6 1.1 Why We Study International Economics 8 1.2 The Subject Matter of International Economics
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imports * gain export markets * Consumers typically absorb the costs of subsidies Tariffs * Tariffs * increase government revenues * provide protection to domestic producers against foreign competitors by increasing the cost of imported foreign goods * force consumers to pay more for certain imports * So‚ tariffs are unambiguously pro-producer and anti-consumer‚ and tariffs reduce the overall efficiency of the world economy Local content requirements * A
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INTERNATIONAL TRADE Pre-requisite Courses and Assumed Knowledge and Capabilities Prices and Markets or equivalent Course Description International Trade is a final year course that covers the economic theory of free trade and of intervention in the trade process. It is designed as an applied course that aims to help students integrate their knowledge of economic analysis with the fundamental determinants of the size and pattern of the gains from international trade. Students will learn to
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protectionism in 21st century economics. Protectionism is the economic policy of restraining trade between states through methods such as tariffs on imported goods‚ restrictive quotas‚ and a variety of other government regulations designed to allow (according to proponents) fair competition between imports and goods and service produced domestically. This policy contrasts with free trade‚ where government barriers to trade are kept to a minimum. In recent years‚ it has become closely aligned with anti-globalization
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several ties with other countries. These ties are established in several ways‚ one of which is through trade. The nature of trade includes exporting and importing goods and services which form trade links with partner countries. Trade comes with its advantages and disadvantages. Australia also takes part in multilateral agreements‚ such as APEC‚ to be able to strengthen trade links. International trade is the exchange of goods and services between nations. Goods meaning tangible objects like clothes
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