PPT-Lecture 6: Barriers to Trade

Benjamin Graham   Lecture 6 Barriers to Trade Benjamin Graham Todays Plan Housekeeping No reading quiz today Law of One Price. The basis for the reestablishment of world trade following World War II. The effects of protectionism on world trade. The seven types of trade barriers. The provisions of the Omnibus Trade and Competitiveness Act. Announcements:. April 2, Due:. Macro bodies project. Vocabulary journal. Study Guide. Unit . 5 . notebook. Stop by the media center w/cards for Vineyard. EQ. What is the difference between balance of trade and balance of payments?. in the Petri-Plummer-. Zhai. model: . Flow charts for tariffs, NTBs, and FDI barriers. November 2015. Note: the following charts show how the barriers for a single agreement are calculated. The barriers that apply to . ITA Standards Liaison’s Office. U.S. Department of Commerce. www.trade.gov/standards. Introduction: Commerce Standards Initiative . 2. 6 Years since the launch of the Commerce Standards Initiative . SSEIN2b: Identify costs and benefits of trade barriers over time. SSEIN2c: List specific examples of trade barriers.. What are Trade Barriers?. Any form of governmental or operational activity or restriction that renders importation of some goods into a country difficult or impossible.. What are Trade Barriers?. Government actions that are designed to protect domestic industries and jobs from foreign competition.. While international trade allows people and nations to specialize in the production of goods and services, but because of a variety of factors, nations restrict the free exchange of goods across international borders.. SSEIN2b: Identify costs and benefits of trade barriers over time. SSEIN2c: List specific examples of trade barriers.. What are Trade Barriers?. Any form of governmental or operational activity or restriction that renders importation of some goods into a country difficult or impossible.. Trade Regimes. Before 1947, there was little in the way of a framework for organizing trade.. Any agreements on trade were generally bilateral (between two countries). . Sometimes wars were fought over trade and related issues (the 1812 war between the US and Great Britain being one), as were the “Opium Wars” between Great Britain and China in the mid 19. Econ 340. Lecture 2: Institutions. 2. Announcements. We will start discussing news next week, on Monday Sep 17. You should be watching for international economic news.. Be sure to register your clicker on the Canvas site for this course.. Standards. SS6E6 The student will analyze the benefits of and barriers to voluntary trade . in Europe. . . Compare . and contrast different types of trade barriers such as tariffs, quotas, and embargos. . Comparative Advantage and Trade Barriers. Disclaimer: The views expressed are those of the presenters and do not necessarily reflect those of the Federal Reserve Bank of Dallas or the Federal Reserve System.. Voluntary trade occurs when . both parties . in a transaction see that they are going to . benefit. . from the exchange.. It is the key to a healthy economy.. What is voluntary trade?. Encourages specialization..   . . Lecture 3: Comparative Advantage Benjamin Graham. Today’s Plan. Housekeeping. Reading Quiz. How trade creates wealth. Econ 340. Econ 340, Deardorff, Lecture 12: Trade Balance. 2. Outline: The Balance of Trade and International Transactions. What Is the Balance of Trade?. What the Balance of Trade Does . Not. Mean.