Globalisation And Trade Restrictions
Gbogbo ọrọ náà
The phone in your pocket may have been designed in one country, built from parts made in several others, and sold worldwide. That is globalisation: economies woven ever more tightly together. Yet many governments still put up barriers to trade. Why?
In this lesson you will learn what drives globalisation, its effects on trade, competition, the environment and people, the role of multinational companies, and the main trade restrictions: tariffs, quotas, subsidies and embargoes. By the end you will be able to weigh the benefits of open trade against the case for protection.
Ebumnobi
- causes of changes in globalisation: - changes in trade restrictions - changes in transport costs - changes in communication costs - movement of multinational companies (MNCs)
- effects of changes in globalisation on: - international trade - competition - the environment - migration - income distribution - economic development
- MNCs and their advantages and disadvantages to host countries and home countries
- tariffs
- import quotas
- subsidies
- embargoes
Nkuzi Olu
Gee ntị na nkuzi a na ngwa
Maapụ uche
E seela isiokwu a ka ị hụ otu echiche si ejikọta.
Mepee maapụ uche na ngwa
Kaadị ncheta
Omume ncheta ngwa ngwa n'ihe a na-anwale n'isiokwu a.
Mee omume kaadị ndị a na ngwa
Akwụkwọ Ọmụmụ
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Nnyocha Ọmụmụ
Ekele diri gi maka imecha ihe karịrị na Globalisation And Trade Restrictions. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.
Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.
Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.
- A tariff is best described as: A. a quantity limit on imports B. a tax on imports C. a ban on trade with a country D. a payment to foreign firms Answer: B
- An import quota reduces imports by: A. taxing them B. setting a physical limit on the quantity allowed in C. subsidising them D. banning them completely Answer: B
- A complete ban on trade with a particular country is called: A. a tariff B. a quota C. an embargo D. a subsidy Answer: C
- Which has driven the increase in globalisation? A. higher transport costs B. more trade restrictions C. falling communication costs D. fewer multinational companies Answer: C
- A disadvantage of an MNC for a host country is that it may: A. create jobs B. bring in investment C. force local firms out and repatriate profits D. raise tax revenue Answer: C
Rue ajuju ndi a n'ime ngwa ahu
Rue ajuju ndi a n'ime ngwa ahu
Akwụkwọ A Na-atụ Aro
Mụtakwuo ihe site na isi mmalite mepere emepe
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Akụkụ akwụkwọ
Protectionism: An Indirect Subsidy from Consumers to Producers
Explain protectionism and its three main forms
"Principles of Economics 2e: Protectionism: An Indirect Subsidy from Consumers to Producers" by OpenStax, OpenStax, Rice University, licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). Source: https://openstax.org/books/principles-economics-2e/pages/34-1-protectionism-an-indirect-subsidy-from-consumers-to-producers. Access for free at https://openstax.org/books/principles-economics-2e/pages/1-introduction
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Akụkụ akwụkwọ
International Trade and Its Effects on Jobs, Wages, and Working Conditions
Discuss how international trade influences the job market
"Principles of Economics 2e: International Trade and Its Effects on Jobs, Wages, and Working Conditions" by OpenStax, OpenStax, Rice University, licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). Source: https://openstax.org/books/principles-economics-2e/pages/34-2-international-trade-and-its-effects-on-jobs-wages-and-working-conditions. Access for free at https://openstax.org/books/principles-economics-2e/pages/1-introduction
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