Important questions for an International Trade Topic Question numbers ___________________________________________________________________________________________________ 1. Trade facts 1-9 2. Comparative advantage 10-55 3. Supply and demand analysis of exports and imports 56-79 4. Types of trade barriers 80-87 5. Analysis of tariffs and quotas 88-118 6. Arguments for protectionism 119-125 7. World Trade Organization 126-128 Consider This 129-130 Last Word 131-132 True-False
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INSTRUMENTS OF TRADE POLICY 1. TARIFFS – is a tax levied on imports or export. Specific tariffs – are levied as a fixed charged for each unit of a good imported. Ad valorem tariffs – are levied as a proportion of the value of the imported good. 2. SUBSIDIES – is a government payment to a domestic producer. Subsidies help domestic producers in two ways: they help them compete against low-cost foreign imports they help them gain export markets 3. IMPORT QUOTAS – is a direct restriction
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BALANCE OF TRADE AND BALANCE OF PAYMENTS – An Introduction The balance of payments account indicates a systematic record of all export incomes and import payments of a country during any year. Any import from abroad has to be paid for. On the other hand‚ any export will bring money flow into the country. If we subtract the total value of the imported commodities from the total value of the exported commodities of a country‚ what we obtain is called the ‘Balance of Trade’ of the country. If the
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Many products we use today are made in China. Trade between Australia and China has heightened in the last couple of years. China has one of the world’s largest economies. It has an increasing role in shaping the world economy‚ accounting for a third of the increase in the world’s gross domestic product and imports for the period 2000 to 2003 (The Economist 2004). It is also home to a population of 1.3 billion inhabitants‚ consuming a variety of goods from food items to luxury commodities‚ toys‚
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becomes a member of the Mercado Común del Sur (Mercosur). Currently‚ the world is going through a change in important ways in the economy‚ the importance of belonging to an economic bloc is that through this you can get "mutual benefits in international trade" The Mercosur as we know is a South American economic bloc that “is integrated by Argentina‚ the Federative Republic of Brazil‚ the Republic of Paraguay‚ the Oriental Republic of Uruguay and the Bolivarian Republic of Venezuela” (Exhibit 1). The countries
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5 Trade Union Development UNIT 4 TRADE UNION DEVELOPMENT and Functions AND FUNCTIONS Objectives After going through this unit‚ you should be able to understand: l the growth and development of trade unions in India‚ and l the functions and problems of trade unions. Structure 4.1 Introduction 4.2 Origin and Growth of Trade Unions 4.3 Development of Trade Unions in India 4.4 Indian Unions Today 4.5 The Trade Unions Act: Legal Framework for Trade Unions 4.6 Functions of Trade Unions 4.7 Strengthening
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India trade and saarcAfghanistan India & Afghanistan signed the Preferential Trade Agreement on March 6‚ 2003 in New Delhi. This agreement would remain in force till either party gives to the other a notice for its termination. Under the Agreement‚ India has granted preferential tariff for 38 products from Afghanistan including Raisins‚ Dry Fruits‚ Fresh Fruits and Spices whereas Afghanistan granted preferential tariff to 8 items from India including Tea‚ Antisera and Medicines‚ Refined Sugar
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Why free trade is in the interest of the world’s poorest countries Free trade has been a much discussed topic since the 1770s‚ when Adam Smith presented his theory on trade and absolute advantages. Most sources argue that free trade will benefit the poor nations in the long run (Anderson et al. 2011; Bussolo et al. 2011; Madely 2000; Winters et al.‚ 2004). How-ever‚ the size of the benefits will vary in terms of which trade reforms are made‚ who the poor are‚ and how they support themselves (Winters
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Indian Trade Union . 3 4 Labour Legislation . 3 5 Trade Union and Related Legislation . 3 6 Functions of Unions . 3 7 Objectives of Trade Unions . 3 8 Reasons for Workers to Join Trade Unions . 39 Essentials of a Successful Trade Union . 3 1 Advantages and Disadvantages of Trade Unions .0 3 1 Patterns and Structure of Unions in India .1 3.12 Types of Unions 3.13 Factors Affecting the Growth of Trade Unions 3.14 Statutory Necessities of Trade Unions. References The institution of Trade union‚
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can we do to make a difference? International Fair Trade Association (now WFTO) established by Fair Trade pioneers as the first global Fair Trade network. Its role is very important because it provides better economic‚ social and environmental benefits for farmers. This paper argues why all coffee producers have responsibility to purchase fair trade coffee to develop their moral code in business. Fairness The main purpose of Fair Trade is curing poverty and distribute fairness. It helps to
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