Donald Trump, The 'Don' of New Protectionist Era Vows To 'Make America First'

Donald Trump, the 45th President of the United States of America, has promised in his inaugural speech that he wants to the US citizens to buy only American products and US firms to hire only A…

There Would Be No Winners in a Trade War - Chinese President

Chinese President Xi Jinping warned countries on Tuesday against returning to protectionist trade policies, saying there would be no winners in a trade war. Tension increases between China and …

What is Import Substitution?

Photo: Hussain Haleem ( FB ) Import Substitution is a trade and economic policy which advocates replacing foreign imports with domestic production. It is based on the premise that a country sho…

International Trade / Module 2: International Trade and Tariffs

Students need to learn: Economic Analysis of Tariffs Partial Equilibrium and General Equilibrium Optimum Tariff and Retaliation Offer Curve Analysis Non Tariff …

Protectionism

Free Trade It refers to the free flow of goods and services between countries without any kind of trade restrictions. Protectionism It refers to the imposition of trade restrictions on impor…

49: Conflicts of Interest in Free Trade and Protectionism

International Specialization It refers to concentration of a country’s resources on a particular product or few products. Countries specialize on the basis of absolute advantage or comparat…

MCQ: November 2010, 2281/11, Question 38

MCQ: November 2010, 2281/11, Question 38