Академический Документы
Профессиональный Документы
Культура Документы
non-economic arguments
PW
S world
Ddom O Q1 Q2
PW + t e Tariff c PW
d b
S world S world
+ tariff
Ddom O Q1 Q3 Q4 Q2
Ddom O Q1 Q3 Q4 Q2
PW + t e Tariff c PW
d 1 2 3 4 b
S world S world
+ tariff
Ddom O Q1 Q3 Q4 Q2
History of protection
Pre-war growth in protection Post-war reduction in protection and the role of GATT
the growth in world trade
1965
1970
1975
1980
1985 1990 1995 2000 2005 Source: Trade Statistics, WTO (www.wto.org)
1965
1970
1975
1980
1985 1990 1995 2000 2005 Source: Trade Statistics, WTO (www.wto.org)
1965
1970
1975
1980
1985 1990 1995 2000 2005 Source: Trade Statistics, WTO (www.wto.org)
Trading Blocs
Trading Blocs
longer-term disadvantages
certain regions of the union may suffer possibility of oligopolistic collusion administrative costs
the Asia-Pacific Economic Co-operation forum (APEC) other free trade areas / customs unions
Trade strategies
primary outward looking secondary inward looking
import-substituting industrialisation (ISI)
1960 Agricultural commodities Metals and minerals All non-fuel commodities Oil 208 137 187 34
2000 87 82 86 122
1960 Agricultural commodities Metals and minerals All non-fuel commodities Oil 208 137 187 34
2000 87 82 86 122
1960 Agricultural commodities Metals and minerals All non-fuel commodities Oil 208 137 187 34
2000 87 82 86 122
1960 Agricultural commodities Metals and minerals All non-fuel commodities Oil 208 137 187 34
2000 87 82 86 122
.4 5. 5.
Approach 2: ISI
justifications
problems of primary exporting dynamic potential in manufacturing
infant industries rapid technological advance
patterns of protection
selecting industries for protection tariff and quota escalation attracting multinational investment
encourages rural urban migration adverse effects on rural sector leads to greater inequality environmental problems limit to home market
4.1
27
65
5.7
4.1
27
65
5.7
4.1
27
65
5.7
4.1
27
65
5.7
4.1
27
65
5.7