Trade & Development : Focus on Free Trade Agreements

Language: English

Published by Nova Science Publishers Inc Mai 2010, 2010

1607416409 / 9781607416401

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Neuware - Free trade is a type of trade policy that allows traders to act and transact without interference from government. Thus, the policy permits trading partners mutual gains from trade with goods and services produced according to the theory of comparative advantage. Under a free trade policy, prices are a reflection of true supply and demand, and are the sole determinant of resource allocation. Free trade differs from other forms of trade policy where the allocation of goods and services amongst trading countries are determined by artificial prices that do not reflect the true nature of supply and demand. These artificial prices are the result of protectionist trade policies, whereby governments intervene in the market through price adjustments and supply restrictions. Such government interventions generally increase the cost of goods and services to both consumers and producers. Interventions include subsidies, taxes and tariffs, non-tariff barriers, such as regulatory legislation and quotas, and even inter-government managed trade agreements such as the North American Free Trade Agreement (NAFTA) and Central America Free Trade Agreement (CAFTA) (contrary to their formal titles.) -- any governmental market intervention resulting in artificial prices that do not reflect the principles of supply and demand. This important book gathers the latest research from around the globe in this dynamic field with a focus on: trade relations with China, Brazil, South Korea, Canada, Australia and the Middle East among others.

Seller Inventory # 9781607416401

Title
Trade & Development : Focus on Free Trade Agreements
Author
William R Stevens
Publisher
Nova Science Publishers Inc Mai 2010
Publication year
2010
Condition
Neu
Binding
Buch
Language
English
ISBN 10
1607416409
ISBN 13
9781607416401
Item weight
922 grams
Dimensions
260x182x28 mm

AHA-BUCH GmbH

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