Search results for keyword: protectionist
trade barriers
Trade Barriers
The importance of global trade has never been greater. It is through trade between countries that resources are distributed efficiently and societies are able to promote economic development. The ease of global trading has improved in recent years due to advances in technology and......
18/07/2023 
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trade balance
U.S. Trade Imbalance
The United States continues to have a large and growing trade imbalance. Over the past decade, the US trade deficit has increased from $621 billion in 2011 to $664 billion in 2019. This has been motivated in part by the US consumer’s appetite for imported goods, as well as U......
free trade theory
Introduction
Free trade is a basic philosophy for the way goods and services should exchange across borders. It encourages countries to produce goods and services in accordance with their comparative advantage and to allow those goods and services to be traded without tariffs, quotas, or other fo......
autonomous tariff
Autonomous Tariffs
Autonomous tariffs are taxes imposed by a government on goods originating from foreign countries; they are also known as “protective tariffs” due to the fact that they are frequently used to shield domestic industries from external competition. Autonomous tariffs can be dif......
Specialized trade
Special Trade
Special trade has been prevalent since ancient times, with traders and merchants of different countries, regions and dynasties having conducted trade activities with one another over a period. Special trade, also known as external trade, refers to the purchase and sale of goods bet......
import quota system
Introduction
One of the most commonly used forms of government intervention in international trade is the import quota. An import quota is a protectionist policy that limits the amount of foreign goods that may be imported into a country. Such quotas have been used extensively to protect domest......
non-tariff barriers
Non-Tariff Barriers
Non-tariff barriers (NTBs) are a wide-ranging set of policy measures other than tariffs used by countries to restrict imports of goods and services from other countries. NTBs can take many different forms such as quotas, subsidies, regulations, standards, taxes, levies, enviro......
closed economy
A closed economy is one in which international trade does not take place. This means that all of the goods and services traded between countries does not occur, and all of the goods and services produced in the closed economy must be consumed within the closed economy as well. A closed economy can......
balance of payments surplus
BALANCE OF PAYMENTS.
The Balance of Payments is a way of tracking payments made between countries. It includes all the sums of money exchanged between governments, companies, and individuals from one country to another. It allows international bankers, economists, and governments to monitor how m......
tariff
Tariff
Tariff, otherwise known as duty, is a fee imposed by a government on the import or export of goods and services. Tariffs are usually imposed to raise revenue or to limit foreign imports, in order to protect the domestic market and industry. They are a form of trade barrier, and may result ......
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