International Business
The Outcome Of The Ministerial Meeting Of The WTO At Singapore In 1996
Singapore Ministerial Meeting. At the time of deciding on the estabIishment of WTO, it was decided to hold a biennial…
Read More »Comparative Differences In Comparative Cost Theory
(iii) Comparative Differences in Costs. If the production costs. in the two countries are comparative between two countries, inter-national trade…
Read More »Equal Cost Differences In Comparative Cost Theory
Equal Differences in Costs: If there are equal differences in production costs, there is hardly any possibility of international trade…
Read More »Types Of Cost Differences In Comparative Cost Theory
The Theory of Cost assumed that the factors of production are perfectly mobile within the country but totally immobile between…
Read More »Disequilibrium In The Balance Of Payments Of A Country
It is evident that balance of payments is always balanced just like balance sheet of a business concern. The current…
Read More »Difference Between Balance Of Trade And Balance Of Payments
Balance of trade and balance of payments are two important terms in international transactions but both are not the same.…
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International Business
Methods Of Protectionism In International Trade
The various arguments have been advanced in favor of protectionism (the policy of protection). Under protectionism, the domestic industries are…
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International Business
Importance Of Protectionism In International Trade
Protectionism is the rule of the day. The various arguments have been advanced in favor of the policy of protection.…
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International Business
Arguments Against Protectionism In International Trade
Protectionism provides ample opportunities for the expansion of home market for domestic industries. By cutting imports, the government encourages the…
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International Business
Arguments In Favour Of Protectionism
The Protectionism ensures the protection of home industries from foreign competition, encouraging them to raise production and generate more employment…
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