MKT 4270 Chapter Notes - Chapter 2: Newly Industrialized Country, Protectionism, General Agreement On Tariffs And Trade
Document Summary
Chapter 2: the dynamic environment of international trade. Global perspective: there are (cid:272)ertai(cid:374) trade (cid:271)arriers arou(cid:374)d the (cid:449)orld that li(cid:373)it the u(cid:374)ited tates" a(cid:271)ilit(cid:455) to i(cid:373)port (cid:449)hile other (cid:272)ou(cid:374)tries take ad(cid:448)a(cid:374)tage of the u. "s free (cid:373)arket, e(cid:454). Japa(cid:374) does(cid:374)"t allo(cid:449) a(cid:373)eri(cid:272)a(cid:374) (cid:271)ase(cid:271)alls, ri(cid:272)e, or skis: ex. French protect their firm and broadcast industry by limiting america entertainment: trade was in western europe, japan and the us, but it has expanded to russia, china, india, This number is relatively skewed due to many imports being parts actually made in other countries. The twentieth to the twenty-first century: suffered under the great depression, two world wars, and the cold war. United states and 22 other countries shortly after world war ii. The original agreement provided a process to rescue tariffs and created an agency to patrol world trade; the treaty and subsequent meetings have produced agreements significantly reducing tariffs: world trade and u. s.
