StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Micro economy: Analyze and Discuss the trade policiy of any country of your choice - Essay Example

Cite this document
Summary
The paper accounts the government policies, the taxes imposed such as Pigovian taxes, tariffs, import quota etc. It also gives details about the subsidies, ceiling price, floor price of the market and the…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.8% of users find it useful
Micro economy: Analyze and Discuss the trade policiy of any country of your choice
Read Text Preview

Extract of sample "Micro economy: Analyze and Discuss the trade policiy of any country of your choice"

Download file to see previous pages

Over the years, The United States has increased its integration with the economic development around the globe. The present trade policy of the United States has provided gains as well as offered challenges and shortcomings to the country’s business development, agricultural sector, labor department, and the consumer groups (Niskanen, 1998). The vast regimen of the U.S. trade policy that was in practice since1930 has endured for more than a half percentile with two basic significant features.

The basic idea behind the foreign policy was the concept of free trade. Administration had the rights to make or break the trade policies as well as the right to delegate different policies. Nonetheless, after the immense trade shortfalls and slurps in the era of 1980’s, the US trade policy changed dramatically. The policy then established is still under practice and this continuation of the policy holds its basis on the so far, good concept. The new trade policy characterizes the concept of reciprocity as the current political orientation of the trade policy.

Another important point is the involvement of the Congress in trade affairs and policymaking instead of the government or the administration. The US now extends a trade policy characterizing open trade markets. The concept of multilateral trade governs most of the international trade of the country and holds a strong position in the trade policy. Unilateral orientation is set for the countries that are in mounting stages. This orientation is in accordance with the U.S. trade policy objectives.

The trade policy is in accordance with the WTO, and the country grants different waivers to the developing states as a part of its trade policy (WTO, 2006). Import measures include restrictions such as tariffs and some of the non-tariff restrictions as well. The non-tariffs restrictions are set to comfy the local and domestic industries (Baldwin et al, pp. 33). When it comes to exports, the central trade objective of

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Micro economy: Analyze and Discuss the trade policiy of any country of Essay”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1558493-micro-economy-analyze-and-discuss-the-trade-policiy-of-any-country-of-your-choice
(Micro Economy: Analyze and Discuss the Trade Policiy of Any Country of Essay)
https://studentshare.org/miscellaneous/1558493-micro-economy-analyze-and-discuss-the-trade-policiy-of-any-country-of-your-choice.
“Micro Economy: Analyze and Discuss the Trade Policiy of Any Country of Essay”, n.d. https://studentshare.org/miscellaneous/1558493-micro-economy-analyze-and-discuss-the-trade-policiy-of-any-country-of-your-choice.
  • Cited: 0 times

CHECK THESE SAMPLES OF Micro economy: Analyze and Discuss the trade policiy of any country of your choice

The Pax-mericn Led Ctch-Up, Flying-Geese Style

Furthermore, Japanese process fragmentation has become all the more fine-tuned to make use of labour costs and technological capabilities of suppliers at divergent levels of country's industrial hierarchy.... In the lte 1970s, Chin ccelerted its mssive moderniztion progrm, introduced mrket mechnisms, nd welcomed foreign investment; since the 1980s, it hs been the world's fstest-growing economy, verging lmost 10% yerly in the lst decde nd hlf.... Over tht period, three Southest sin countries - Indonesi, Mlysi, nd Thilnd - hve proved tht they, too, cn sustin growth rtes of over seven percent yer, speed tht doubles the size of n economy ech decde....
11 Pages (2750 words) Essay

Strategic Company Analysis on The Body Shop

They work is a diverse environment and they also aim to encourage a healthy environment in the world by working against torture of any kind to humans and animals.... No organization exists in isolation.... Every organization exists in an environment where it interacts with, and is influenced by, the general public, specific groups (whether they be customers, clients, suppliers, pressure groups, etc) and/or various government bodies....
15 Pages (3750 words) Case Study

The Regionl Growth of sin Countries

In the lаte 1970s, Chinа аccelerаted its mаssive modernizаtion progrаm, introduced mаrket mechаnisms, аnd welcomed foreign investment; since the 1980s, it hаs been the worlds fаstest-growing economy, аverаging аlmost 10% yeаrly in the lаst decаde аnd а hаlf.... Over thаt period, three Southeаst Аsiаn countries - Indonesiа, Mаlаysiа, аnd Thаilаnd - hаve proved thаt they, too, cаn sustаin growth rаtes of over seven percent а yeаr, а speed thаt doubles the size of аn economy eаch decаde....
11 Pages (2750 words) Essay

Business Environment

Various factors shaping the business environment are the macro and the micro factors in the organization.... … According to the report the macro and the micro factors are those that deal with the external and the internal factors of the firm.... This paper talks about the business environment which deals with the entire business operations and the background of the business which shapes them directly and indirectly....
11 Pages (2750 words) Essay

Examples of Financial Crime

Governments that can monitor the entire population in a country display levels of dictatorship.... With this in mind, the study seeks to analyze the financial security of the Bank of England.... From the paper "Examples of Financial Crime " it is clear that the process of enforcing financial crime prevention strategies may be automated to allow the authorities to control different communication channels....
17 Pages (4250 words) Coursework

The Tension between Economic and Political Costs And Benefits of the Eastern Enlargement of the EU

In other words, the contemplation is supported by the geopolitical elements but doesn't get any support from economic and financial considerations.... The paper discusses the gains and pains that eventually result from EU enlargement of the east and the economic transitions from it....
8 Pages (2000 words) Term Paper

Seven-Eleven Company

The changing tricks of the trade along with the rise in competition in almost all of the segments led to increased production of goods.... The first choice for the management of the company to initiate overseas operations was that of Japan.... The companies of one country ventured into the other nations.... nbsp; Factors like globalization and liberalization further broadened the market and it was soon observed that the international geographical borders almost perished in terms of trade and finance....
11 Pages (2750 words) Research Paper

Environmental Scanning: The London Bridge Railway Station

This paper will examine and discuss the potential changes to transport for those traveling through the rail station in question by employing a tool of analysis: the PESTLE analysis tool.... … The paper "Environmental Scanning: The London Bridge Railway Station" is an outstanding example of a case study on environmental studies....
8 Pages (2000 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us