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Author: Avery Elizabeth Hurt
Publisher: Cavendish Square Publishing, LLC
ISBN: 1502646129
Category : Young Adult Nonfiction
Languages : en
Pages : 80
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Book Description
A renegotiation of NAFTA and a trade war with China have kept tariffs and trade agreements in the news in the early twenty-first century. Tariffs, trade barriers, and the potential consequences of both are complex. This book presents a difficult subject in a straightforward and interesting manner. The use of historical and cultural tidbits, such as how the press ridiculed the embargo of 1870 by referring to it as "O grab me!" which is embargo spelled backward, will delight readers. They'll learn how South Carolina threatened to secede from the Union over tariffs in 1832, almost thirty years before it actually did secede. A discussion of the theory and history of tariffs and trade barriers puts the concept in context, while recent examples illuminate how they work in practice.
Author: Avery Elizabeth Hurt
Publisher: Cavendish Square Publishing, LLC
ISBN: 1502646129
Category : Young Adult Nonfiction
Languages : en
Pages : 80
Get Book Here
Book Description
A renegotiation of NAFTA and a trade war with China have kept tariffs and trade agreements in the news in the early twenty-first century. Tariffs, trade barriers, and the potential consequences of both are complex. This book presents a difficult subject in a straightforward and interesting manner. The use of historical and cultural tidbits, such as how the press ridiculed the embargo of 1870 by referring to it as "O grab me!" which is embargo spelled backward, will delight readers. They'll learn how South Carolina threatened to secede from the Union over tariffs in 1832, almost thirty years before it actually did secede. A discussion of the theory and history of tariffs and trade barriers puts the concept in context, while recent examples illuminate how they work in practice.
Author: Lawrence J. Gitman
Publisher:
ISBN: 9781947172555
Category : Business
Languages : en
Pages : 732
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Book Description
Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond.
Author: David Hanson
Publisher: Edward Elgar Publishing
ISBN: 184980334X
Category : Business & Economics
Languages : en
Pages : 223
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Book Description
Limits to Free Trade ranges over a wide diversity of relevant issues ranging from international agreements, to regional trade policies, to import trade barriers, to movements for trade reforms. Informed, informative, and strongly recommended for academic library reference and resource collections, Limits to Free Trade is a model of detailed and articulate scholarship. The Midwest Book Review This book explores the growing list of non-tariff trade barriers raised by the US, EU and Japan and assesses the prospects for significant trade liberalization. The author examines the liability of global free trade through a review of the complaints that these three countries raised about each other over a five-year period. He concludes that free trade may be increasingly hampered as barriers are created more rapidly than can be resolved, and that the prospects for significantly strengthening safeguards are limited. These issues are analyzed in the contexts of the major WTO trade agreements and the political economy of decision-making in the US, EU and Japan. The author concludes that the growing problems are endemic to the system and are not amenable to easy remedy. He tackles topics including international agreements, the trade policy processes in the three regions, issues concerning trade practices, import trade barriers in the EU, and prospects for reform. Scholars, students and practitioners in business economics, international business, and international economics will find much of interest in this book.
Author: Donna H. Roberts
Publisher:
ISBN:
Category : Farm produce
Languages : en
Pages : 56
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Book Description
Author: United Nations Conference on Trade and Development
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 164
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Book Description
The publication contains an explanation of Most Favored Nation (MFN) treatment and some of the key issues that arise in its negotiation, particularly the scope and application of MFN treatment to the liberalization and protection of foreign investors in recent treaty practice. The paper provides policy options as regards the traditional application of MFN treatment and identifies reactions by States to the unexpected broad use of MFN treatment, and provides several drafting options, such as specifying or narrowing down the scope of application of MFN treatment to certain types of activities, clarifying the nature of "treatment" under the IIA, clarifying the comparison that an arbitral tribunal needs to undertake as well as a qualification of the comparison "in like circumstances" or excluding its use in investor-State cases.
Author: Carolin Wemhoff
Publisher: GRIN Verlag
ISBN: 3346444465
Category : Political Science
Languages : de
Pages : 30
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Book Description
Studienarbeit aus dem Jahr 2021 im Fachbereich BWL - Wirtschaftspolitik, Note: 1,3, FOM Essen, Hochschule für Oekonomie & Management gemeinnützige GmbH, Hochschulleitung Essen früher Fachhochschule, Sprache: Deutsch, Abstract: This thesis aims to present the GATT (General Agreement on Tariffs and Trade) and its historical background in its main features and to examine what extent the GATT corresponds to the free trade conception according to David Ricardo. Historically, free trade is still a relatively new concept. Between the 16th and 18th centuries, in the age of mercantilism, the idea of protectionism still predominated. The interstate exchange of goods is based on the assumption that the own country could make profits at the expense of its trading partners through import quotas and import tariffs. At the same time, attempts are made to support the country's own exports through promotional measures. This protectionist approach has left its mark until today in form of protective tariffs for example. Mercantilism is followed by the idea of liberalism and therefore the idea of free trade. Adam Smith is considered the founder of free trade theory. His model of absolute cost advantage is later developed into the model of comparative cost advantage by the economist David Ricardo.
Author: United States. Office of the U.S. Trade Representative
Publisher:
ISBN:
Category : Commercial policy
Languages : en
Pages : 708
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Book Description
Author: OECD
Publisher: OECD Publishing
ISBN: 9264014624
Category :
Languages : en
Pages : 304
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Book Description
This publication analyses where and why certain non-tariff measures are being applied to traded goods that are covered by multilateral rules and disciplines, and how they continue to represent challenges for exporters and policy makers.
Author: Lili Sun
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 36
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Book Description
Numerous previous studies have examined the economic impacts of trade measures on forest product markets. Most have focussed on either tariffs or rather obvious quantitative measures such as import or export quota restrictions. There is growing concern about the impact of the far less obvious non-tariff trade measures on the global forest product sector. The objective of this study is to fill a gap, and to estimate trade and economic impacts of nontariff barriers and compare them to the impacts of tariffs. A database of ad valorem equivalent estimates for a set of well-defined non-tariff trade restrictions is incorporated into a global forest products trade model. Non-tariff barriers are found to be less common than tariffs but are found to have similar or bigger aggregate impacts than tariffs do on trade, production, producer revenues, consumer expenditures, and value added. Impacts of reducing tariff and non-tariff barriers are often different across regions and products. Our results underscore the importance of analysing both types of trade policy and the need for continuing comprehensive trade liberalization.
Author: Philipp Rothe
Publisher: GRIN Verlag
ISBN: 3346224821
Category : Business & Economics
Languages : en
Pages : 4
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Book Description
Academic Paper from the year 2020 in the subject Economics - Foreign Trade Theory, Trade Policy, , language: English, abstract: This paper examines the definition, history and status of free trade in the world today. In history a lot of countries acted in accordance with protectionist trade policies which means they had a lot of barriers, tariffs, and limits towards the trade with other countries. The aim was to protect their own economy. However, in today's world there is much more free trade which means "the buying and selling of goods, without limits on the amount of goods that one country can sell to another and without special taxes on the goods bought from a foreign country". The theory of free trade was first invented in 1776 by Adam Smith. And although it goes back to colonial times, free trade remained a theory for centuries. Ever since Adam Smith's concept of free trade, merchants tried to remove trade barriers between countries again and again. But especially during the industrialization period the countries used trade barriers to boost their economy. As late as after the second world war, the US for example started to lower import tariffs. The idea of lowering tariffs is that more trade takes place, countries can specialize economically in what they do best and afterwards exchange these products for goods that they don't produce most efficiently or that they don't have easily available. That in turn means the people are freer to choose their position in the economy, the worlds resources are used more efficient and the wealth of nations is growing. In a nutshell it means a country can compete in the global market by specializing to its fundamental economic strengths and by doing this increase economic growth. Some international institutions such as the World Bank, International Monetary Fund, and the World Trade Organization (WTO) were founded to promote free trade in place of protectionism and so helped to build the world how it is today in terms of trading.
