Zusammenfassung der Ressource
International Trade
- Barriers to Trade
- Proteoctionist policies
Anmerkungen:
- The goods and services from one political region may be prohibited from entering or leaving a market
- Tariffs
- Non Tariff Barriers (NTBs)
- Quotas
Anmerkungen:
- specific limits on the quantity of imports or their value.
- Subsidies
Anmerkungen:
- payments made to particular industries to help them to be competitive on the international market. Examples of subsidies include depreciation allowances, cash grants and tax holidays.
- Administrative Regulations
Anmerkungen:
- include bureaucratic procedures, systems of advance payment, minimal domestic content rules, special marketing standards and health and safety provisions.
- Currency Controls
Anmerkungen:
- limit the availability of foreign currency for the purchase of foreign goods.
- Voluntary Export Restraints
Anmerkungen:
- whereby one country agrees to limit its exports to a third country (or countries). This agreement is usually made because the importing country (countries) threatens to place barriers against the goods of the exporting country.
- The Medium of
Exchange
- Liberal
- Comparative Advantage
- Countries will be better off if
they specialize in what they are
relatively good at
- Protectionism is inefficient
- Reduces competition
- Increases Monopoly power
- Critical Perspective