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Chapter Instruments of Trade and 6: Investment Policies International Trade Policies The Trade Policy pendulum Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea 4 ­1 TOPIC PLAN: • Protectionist vs.Free Trade policies prior to World War 2 • Barriers to Trade – e.g.tariff and non­tariff barriers,barriers to services etc. • Export Enhancement Measures – Subsidies – Financial assistance – Marketing assistance etc. • Arguments pro and against protection Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea The “Pendulum” of trade policy: Between Free Trade and Protectionism • Mercantilism (16th century) – Trade surplus.Protectionism • “Laissez­Faire” – David Ricardo (early 19th century): Free trade • Great Depression: Neo­Mercantilism – Protectionism up in the US,UK,France etc. • Trade Liberalisation after World War 2 – GATT,IMF,World Bank, OECE (OECD) Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea Two groups of trade policy • Protection measures – Barriers to trade in goods and services • Export Enhancement Measures Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea Barriers to trade and investment • Tariff barriers • Non­tariff barriers (e.g. quotas, standards, procurement policies) • Export • Export restrictions restrictions • Barriers to trade in services • Financial limits (e.g. exchange controls, profit remittance limits) • Limits on FDI entry and operations Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea ... - tailieumienphi.vn
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