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Showing posts with label free trade. Show all posts
Showing posts with label free trade. Show all posts

Saturday, January 29, 2011

Wage increases in China

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Comments on Cai Fang and Wang Meiyan “Chinese wages and the turning point in the Chinese economy”, 29/01/2011, http://www.eastasiaforum.org/2011/01/29/chinese-wages-and-the-turning-point-in-the-chinese-economy/

There are a few points needing some clarification.

The second reason given for worrying less about wage increases is moving westward of labour intensive industries inside China, because

Wednesday, January 26, 2011

Freer trade - why so difficult to reach international agreements?

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Comments on Craig Emerson “Doha round key to continuing global prosperity”, 27/01/2011, http://www.theaustralian.com.au/news/opinion/doha-round-key-to-continuing-global-prosperity/story-e6frg6zo-1225995061033

While it is a matter of faith for free trade and free market, there is always a puzzle for the fact that if free trade is such panacea to economic growth and welfare why it has always been

Friday, August 21, 2009

Free Trade Zones

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What is a free trade zone?

Free trade zones, describe an arrangement where different trading entities, usually member countries, agree to cut or scrap taxes in order to lower business costs and remove bureaucracy. They are also known as "special economic zones" and are mostly found in developing economies. The aim is to give a massive artificial boost to trade, especially between raw material producers and manufacturing based economies. These zones are also attractive to foreign investors as it's cheaper for them to do business there.

Read more about 'Free trade zones in Africa' in this BBC Article. Click here

Friday, April 3, 2009

Trade Protectionism

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Protectionism is the economic policy of restraining trade between nations, through methods such as tariffs on imported goods, restrictive quotas, and a variety of other restrictive government regulations designed to discourage imports, and prevent foreign take-over of local markets and companies. This policy is closely aligned with anti-globalization, and contrasts with free trade, where government barriers to trade are kept to a minimum.

Click here to know more about trade protectionism
Click here to attempt a Case study on trade protectionism