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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Regional Trade Arrangements Table of Contents: Types of Regional Trade Arrangements Free Trade Agreement Customs Union Common Market Economic Union Regional Trade Arrangements: Case Studies NAFTA EU GCC Union Benefits and Costs of Regional Trade Arrangements Welfare Effects of Regional Trade Arrangements Static Effects of RTAs Dynamic Effects of RTAs Conditions inducing Regional Trade Arrangements World Trade Organization and Regional Trade Arrangements Multilateralism
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UNIT I FOREIGN TRADE AND POLICY OBJECTIVES To give broader understanding of the foreign trade and it’s policy. This unit given students an understanding of the aspects that how the various theories explain the development of foreign trade between the nations. The main objectives of this unit are: • To analysis similarities and differences between internal and international trade. • • • To provide an overview of various theories in foreign trade. To evaluate the terms of trade between the nations
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Trade and aid policies of the EU CONTENT 1 TRADE AND AID POLICIES WITH THIRD PARTIES 1 1.1 THE WTO 1 1.1.1 FREE TRADE AGREEMENTS 2 2 MAIN TRADING PARTNERS OF THE EU 3 2.1 USA 3 2.1.1 DEVELOPMENT OF TRANSATLANTIC CO-OPERATION 3 2.1.2 DISPUTES BETWEEN THE EU AND THE USA 4 2.2 CHINA AND ASIA 4 2.3 RUSSIA 5 3 TRADE POLICIES WITH CERTAIN GROUPS 7 3.1 WIDER EUROPE: THE EUROPEAN NEIGHBOURHOOD POLICY 7 3.2 THE MEDITERRANEAN REGION 8 3.3 EU-LATIN AMERICAN RELATIONS
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The main macroeconomic issue for China：a rising trade surplus In the past years‚ the rapid growth of China’s trade surplus ‚ which means that a country’s total amount of export is more than the amount it imports and thus having a positive balance of trade‚ was a significant contributor to the development of global economy. Nevertheless‚ recent years’ data shown that the rising trade surplus of China is no longer so attractive and desirable as it used to be. More and more countries including
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Trade is not an end in itself‚ but a means to economic growth and national development. The primary purpose is not the mere earning of foreign exchange‚ but the stimulation of greater economic activity. For India to become a major player in world trade‚ an all encompassing‚ comprehensive view needs to be taken for the overall development of the country ’s foreign trade. While increase in exports is of vital importance‚ we have also to facilitate those imports which are required to stimulate our
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International diversification is a strategy which a firm expands the sales of its goods or services across the borders of global regions and countries into different geographic location or markets. An international strategy is a strategy through which the firm sells its goods or services outside its domestic market. An international strategy results in international diversification. Firms pursue an international strategy to seek new opportunities to create value in international markets. The primary
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economical challenging times. So‚ Is free trade a way forward for that durable economic solution for the pacific nations and in particular our country Solomon Islands? It has known that the pacific island trade ministers are gearing up for what some termed it as a big year for trade negotiations in the pacific region. This year 2009 we’ll see our nation Solomon Islands will be among other pacific island countries to negotiate some major development in trade agreements in the pacific region. In
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World Trade Organization (WTO) The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. The goal is to help producers of goods and services‚ exporters‚ and importers conduct their business. The World Trade Organization came into being in 1995. One of the youngest of the international organizations‚ the WTO is the successor to the General Agreement on Tariffs and Trade (GATT) established in the wake of the Second World War
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challenge facing many of the countries that make up the international system‚ and it can have both a diabolical and paralyzing effect on a country‚ regardless of its’economic development‚ if doesn’t successfully achieve financial stability‚ economic growth and higher standards of living. Many countries are plagued with such adverse economic conditions which consequently cause them to become an unambiguous‚ inferior player in the international system. What is the solution to such a complex and multifaceted
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