Copy of The Political Economy of International Trade
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PRESENTATION OUTLINE
Free Trade
Pro & Con
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Types
- Specific good
- Ad valorum
- Protects producers
- >Government revenue
- Consumers pay more
Local Content Restrictions
- Trade related investment measures (TRIM)
- China was 60%
- Favors components vs products
Photo by charlie cars
Local Content Restrictions
- Trade related investment measures (TRIM)
- China was 60%
- Favors components vs products
Photo by charlie cars
Anti-dumping Policies
Countervailing charges
Buy America Act
51% US Made
Administrative Policies
Photo by Carbon Arc
Currency Manipulation
Undervalued Yuan, depreciating euro
Maquiladoras
Foreign Trade Zones
Financing
- ExIm Ban
- SBA Export Express
- Overseas Private Investment Corporation (OPIC) - insuranc
Government intervention
- National Defense
- Infant Industry
- Protect jobs/companies
- Protect consumers
- Retaliation - sanctions
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Trade Wars
Who wins?
Beggar-thy-neighbor Policies
Smoot-Hawley Act
GATT
General Agreement on Tariffs & Trade
Protecionism
- Japan established barriers
- US trade deficit
- VER's
1995
158+ nations
Issues
- Agricultural subsidies
- Intellectual Property
- Market access to service
