(See related pages)
- Discuss the various policy instruments that governments use to restrict imports and promote exports.
- Understand why some governments intervene in international trade to restrict imports and promote exports.
- Appreciate the position of those who argue that government intervention in international trade can be self-defeating and typically fails to produce the gains that advocates of intervention claim.
- Be familiar with the evolution, purpose, current status, and future prospects of the global trading system as embodied in the General Agreement on Tariffs and Trade and the World Trade Organization.
- Understand the important implications for business practice of government intervention in international trade and of the current global trading system.
|
|
|