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Contemporary Global Issues - Lecture Slides | INTL 2000, Study notes of International Business
Global Trade Material Type: Notes; Professor: Nicklen; Class: CONTEMP GLOBAL ISSUE; Subject: International Studies; University: Louisiana State University; Term: Spring 2015;
Typology: Study notes
2014/2015
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Download Contemporary Global Issues - Lecture Slides | INTL 2000 and more Study notes International Business in PDF only on Docsity! Global Trade INTL 2000 The Luckiest Nut in the World Global Trade Disputes • Countries encourage free trade, but avoid rules that undermine economic interests. • Protectionist measures- • Tariffs-taxes on goods • Quotas-limits on quantity of imported good • Subsidies-financial assistance to a business or economic sector • Trade disputes are often linked to domestic politics. Why Trade Protection? • Comparative advantage doesn’t benefit everyone. • Countries take care of their own citizens first. • Social Goals • Consumer Health • Environmental Protection • National Security Challenges in Trade • Protectionism in agriculture, elimination of subsidies • Intellectual property rights: Encouraging further innovation or limiting the diffusion of knowledge in the Global South?