this ppt underlines the main hurdles to emerging markets and less developed countries.especially students who r luking for poilty and their insights into it
David Ricardo originated the theory of comparative cost advantage in his 1817 book. The theory states that countries will export goods that they have a lower relative production cost in and import goods with higher relative costs, even if one country may have an absolute cost advantage in all goods. The theory assumes two countries and goods, homogeneous and mobile factors of labor, no transportation or trade barriers, and constant returns to scale. England has a lower relative cost (cost advantage) in cloth and Portugal has a lower cost in wine, so each country specializes and gains from trade by exporting their lower cost good and importing the other good. However, the theory makes unrealistic assumptions and does not consider all real-world complexities of international trade.
Meeting 3 - Rybczynski theorem (International Economics)Albina Gaisina
The document discusses several economic concepts:
1) The Rybczynski theorem explains that if a country's supply of one factor increases, it will produce more of the good that intensively uses that factor and less of the other good.
2) Dutch disease refers to an economic phenomenon where resource discovery leads to decline of other sectors through currency appreciation and a shift in economic activity.
3) The resource curse or paradox of plenty suggests that countries with an abundance of natural resources tend to have less economic growth and worse development outcomes than countries with fewer natural resources, due to issues like overdependence on commodity exports and weak institutions.
Balance of payment concept, components and trends shivakumar patil
India recorded a trade deficit of $5.07 billion in March 2016, significantly lower than the $11.39 billion deficit in the same month of the previous year. This is the lowest monthly trade deficit since March 2011. Exports declined 5.47% year-over-year while imports fell 21.56% due to lower oil and non-oil imports. For the entire 2015-2016 fiscal year, India's trade deficit narrowed to $118.5 billion from $137.7 billion in the prior year as exports decreased 15.8% and imports fell 15.28%.
1. Trade can boost development by generating economic growth through increased commercial opportunities and investment, as well as diversifying production. Countries that increased trade between 2000-2008 saw GDP per capita rise significantly.
2. Trade enhances competitiveness by helping countries reduce input costs, acquire foreign investment and technology, increase value added in products, and move up global supply chains. Emerging economies have grown rapidly through increased trade.
3. Opening trade allows access to new markets and materials, expanding production possibilities. India's industrial output grew 50% after trade reforms that increased access to intermediate goods.
The document provides information about terms of trade including:
- Terms of trade measures the price of a country's exports relative to its imports. It is calculated as the index of export prices divided by the index of import prices.
- Types of terms of trade include net barter, gross barter, income, single factorial, double factorial, real cost, and utility terms of trade. Each type has strengths and limitations in measuring trade.
- Factors influencing terms of trade include the elasticity of demand and supply for exports and imports, as well as the relative size of demand for exports and imports. Changes in terms of trade can impact standards of living, import prices, and a country's balance of payments.
Dumping occurs when a company exports goods to another country at a price lower than what it charges in its own domestic market. There are three main forms of dumping: persistent, predatory, and sporadic. Companies dump goods to gain market share abroad, sell surplus production, expand their industry, and establish new trade relations. Dumping can positively increase supply but negatively hurt domestic industries in importing countries. Importing countries use tariffs, quotas, embargoes, and voluntary export restraints to counter dumping.
Business cycles show periodic fluctuations in economic activity, measured by indicators like production, employment, and income. There are four phases of a business cycle: expansion, peak, contraction/recession, and trough. Expansions involve growth while contractions involve declines. Business cycles are caused by factors like changes in investment levels, consumer and business expectations, and technological innovations. Theories like Keynes' emphasize how fluctuations in investment can drive cycles, while real business cycle theory sees cycles arising from supply-side shocks. Cycles affect the economy through impacts on areas like growth, inflation, and unemployment. Policy tools can help control the amplitude of cycles.
Meeting 4 - Stolper - Samuelson theorem (International Economics)Albina Gaisina
The document discusses the Stolper-Samuelson theorem, which states that a decrease in the price of a good will lead to a decrease in the return to the factor that is used intensively in the production of that good. It will conversely lead to an increase in the return to the other factor. The theorem is based on assumptions of perfect competition and factor mobility. It predicts that increased trade with developing countries likely contributed to rising wage inequality in skilled countries. While trade increases overall welfare, it benefits some factors more than others according to their intensity of use.
David Ricardo originated the theory of comparative cost advantage in his 1817 book. The theory states that countries will export goods that they have a lower relative production cost in and import goods with higher relative costs, even if one country may have an absolute cost advantage in all goods. The theory assumes two countries and goods, homogeneous and mobile factors of labor, no transportation or trade barriers, and constant returns to scale. England has a lower relative cost (cost advantage) in cloth and Portugal has a lower cost in wine, so each country specializes and gains from trade by exporting their lower cost good and importing the other good. However, the theory makes unrealistic assumptions and does not consider all real-world complexities of international trade.
Meeting 3 - Rybczynski theorem (International Economics)Albina Gaisina
The document discusses several economic concepts:
1) The Rybczynski theorem explains that if a country's supply of one factor increases, it will produce more of the good that intensively uses that factor and less of the other good.
2) Dutch disease refers to an economic phenomenon where resource discovery leads to decline of other sectors through currency appreciation and a shift in economic activity.
3) The resource curse or paradox of plenty suggests that countries with an abundance of natural resources tend to have less economic growth and worse development outcomes than countries with fewer natural resources, due to issues like overdependence on commodity exports and weak institutions.
Balance of payment concept, components and trends shivakumar patil
India recorded a trade deficit of $5.07 billion in March 2016, significantly lower than the $11.39 billion deficit in the same month of the previous year. This is the lowest monthly trade deficit since March 2011. Exports declined 5.47% year-over-year while imports fell 21.56% due to lower oil and non-oil imports. For the entire 2015-2016 fiscal year, India's trade deficit narrowed to $118.5 billion from $137.7 billion in the prior year as exports decreased 15.8% and imports fell 15.28%.
1. Trade can boost development by generating economic growth through increased commercial opportunities and investment, as well as diversifying production. Countries that increased trade between 2000-2008 saw GDP per capita rise significantly.
2. Trade enhances competitiveness by helping countries reduce input costs, acquire foreign investment and technology, increase value added in products, and move up global supply chains. Emerging economies have grown rapidly through increased trade.
3. Opening trade allows access to new markets and materials, expanding production possibilities. India's industrial output grew 50% after trade reforms that increased access to intermediate goods.
The document provides information about terms of trade including:
- Terms of trade measures the price of a country's exports relative to its imports. It is calculated as the index of export prices divided by the index of import prices.
- Types of terms of trade include net barter, gross barter, income, single factorial, double factorial, real cost, and utility terms of trade. Each type has strengths and limitations in measuring trade.
- Factors influencing terms of trade include the elasticity of demand and supply for exports and imports, as well as the relative size of demand for exports and imports. Changes in terms of trade can impact standards of living, import prices, and a country's balance of payments.
Dumping occurs when a company exports goods to another country at a price lower than what it charges in its own domestic market. There are three main forms of dumping: persistent, predatory, and sporadic. Companies dump goods to gain market share abroad, sell surplus production, expand their industry, and establish new trade relations. Dumping can positively increase supply but negatively hurt domestic industries in importing countries. Importing countries use tariffs, quotas, embargoes, and voluntary export restraints to counter dumping.
Business cycles show periodic fluctuations in economic activity, measured by indicators like production, employment, and income. There are four phases of a business cycle: expansion, peak, contraction/recession, and trough. Expansions involve growth while contractions involve declines. Business cycles are caused by factors like changes in investment levels, consumer and business expectations, and technological innovations. Theories like Keynes' emphasize how fluctuations in investment can drive cycles, while real business cycle theory sees cycles arising from supply-side shocks. Cycles affect the economy through impacts on areas like growth, inflation, and unemployment. Policy tools can help control the amplitude of cycles.
Meeting 4 - Stolper - Samuelson theorem (International Economics)Albina Gaisina
The document discusses the Stolper-Samuelson theorem, which states that a decrease in the price of a good will lead to a decrease in the return to the factor that is used intensively in the production of that good. It will conversely lead to an increase in the return to the other factor. The theorem is based on assumptions of perfect competition and factor mobility. It predicts that increased trade with developing countries likely contributed to rising wage inequality in skilled countries. While trade increases overall welfare, it benefits some factors more than others according to their intensity of use.
This document discusses tariffs and their economic effects. It defines tariffs as taxes on imports and describes different types of tariffs such as ad valorem and specific tariffs. The document then analyzes the consumption, production, trade, and revenue effects of imposing a tariff using a partial equilibrium model. It also discusses the impact of tariffs on consumer and producer surplus. Finally, it provides an example comparing the effects of a tariff versus an import quota.
The document discusses import substitution as a strategy for economic development. It defines import substitution as restricting imports that compete with domestic products in order to promote local production. The objectives of import substitution include promoting domestic industries, generating employment, and improving the balance of payments. While import substitution can increase employment and resilience, the industries may become inefficient without international competition. Effective import substitution requires industries that utilize local resources and demand.
This document discusses disequilibrium in a country's balance of payments. It defines balance of payments equilibrium as equal demand and supply of foreign currency in a period. Disequilibrium occurs when there is a surplus or deficit, meaning exports are greater or less than imports respectively. The document then discusses various causes of disequilibrium including economic, natural, political, and social factors. It outlines different types of economic disequilibrium and provides examples. Finally, it discusses automatic and deliberate measures countries take to correct disequilibrium, such as monetary, trade, and miscellaneous policy actions aimed at increasing exports and decreasing imports.
This document discusses the arguments for and against free trade versus protectionism. It begins by providing context from classical economists who argued for free trade, and the rise of protectionism post-World War II. It then outlines the key arguments for free trade, including specialization, increased prosperity, and competitive pressures. Arguments against free trade include the potential harm to developing economies and domestic industries. The document also discusses the economic and non-economic arguments in favor of protectionism, such as for infant industries, employment, and national defense. Finally, it notes some arguments against protectionism like increased prices and reduced innovation.
Meeting 5 - Leontief Paradox (International Economics)Albina Gaisina
Leontief attempted to empirically test the Heckscher-Ohlin theory that predicted countries would export goods intensive in their abundant factors and import goods intensive in their scarce factors. However, his analysis found the opposite - that the US exported labor-intensive goods despite being capital abundant. This contradiction became known as Leontief's paradox. Explanations for the paradox included differences in labor productivity between countries and the oversimplification of excluding natural resources. Later studies by others found similar paradoxical results for other countries like Japan. The paradox led some economists to dismiss the Heckscher-Ohlin theory in favor of models based on technological differences.
Hypothesis of secular deterioration of terms of tradeRitika Katoch
The document summarizes the Prebisch-Singer thesis, which argues that terms of trade tend to deteriorate against primary commodities and in favor of manufactured goods over time. It presents the key assumptions of the thesis, including that income elasticity of demand is greater for manufactured goods than primary products. As a result, as incomes rise in developed countries, demand shifts away from primary commodities exported by developing countries towards manufactured goods produced in developed nations. This leads to a long-term decline in terms of trade for developing country exports.
This document discusses institutions and economic development. It summarizes the evolution of thinking around institutions and development, from the Washington Consensus era to the rise of New Institutional Economics and its limitations. More recent frameworks like Acemoglu and Robinson's theory of inclusive vs extractive institutions and North, Wallis, and Weingast's theory of open vs limited access orders are described. The document argues that informal institutions like "deals" between elites and economic actors better explain economic growth and stagnation in most developing countries compared to formal institutional indicators. Shifts between different "deals environments" like disordered to ordered can trigger growth accelerations, while maintaining openness is key for sustained growth, but difficult due to elite resistance.
This document summarizes key concepts from Chapter 4 of an International Economics textbook. It covers theories for trade protection such as the infant industry argument. It then discusses tariffs, including import/export tariffs and calculations of effective rates of protection. Finally, it examines nontariff barriers such as import quotas, tariff-rate quotas, and subsidies. For quotas and tariffs, it outlines the impacts on consumer surplus, producer surplus, and government revenue. The chapter suggests quotas impose larger losses than equivalent tariffs due to restrictions on consumption.
Structural adjustment programs (SAPs) are economic reform policies imposed by the IMF and World Bank on developing countries as conditions for receiving loans. SAPs began in the 1980s and involved 187 programs across 64 countries. They aimed to boost exports, reduce government deficits, and improve investment climates. Typical SAP measures included currency devaluation, cutting social spending, privatizing industries, and deregulating markets. While SAPs achieved some economic growth in countries like Ghana, they also had many negative social impacts by reducing education, healthcare and living standards. Critics argue SAPs undermine national sovereignty and prioritize private profits over public welfare. In response to criticisms of SAPs, the IMF and World Bank introduced Poverty
The Bretton Woods system established in 1944 aimed to govern international monetary and exchange rate regulations through institutions like the IMF and World Bank. It intended to set a fixed exchange rate between currencies pegged to the U.S. dollar, which was pegged to gold. This was expected to promote international cooperation and financial stability. However, the system broke down in the 1970s as countries could no longer maintain the required exchange rate adjustments due to large balance of payments crises, replacing it with floating exchange rates.
The document defines and describes key aspects of a country's Balance of Payments account, including that it is a systematic record of all economic transactions between a country and the rest of the world over a specific period, usually annually. It includes components like the current account, capital account, and errors and omissions. The balance of payments can be in deficit, surplus, or balanced depending on whether receipts are greater than, less than, or equal payments. Countries employ various monetary and non-monetary measures to correct a deficit.
The document discusses the balance of payments (BOP) of a country. It defines BOP as a systematic record of all economic transactions between a country and the rest of the world. The BOP has three components - the current account, capital account, and official settlements account. The current account covers exports and imports of goods and services. The capital account covers financial flows. Disequilibriums in the BOP can be corrected through automatic measures like changes in exchange rates or deliberate measures like trade policy changes and monetary policy tools.
The document discusses international debt, defining it as money owed by a country or its citizens and corporations to foreign creditors or international financial institutions. It notes that developing countries have been particularly impacted, having to divert funds away from social services to repay debts. The document outlines some major debt crises like those in the 1950s, 1980s, and 2008, and suggests solutions like debtor countries regaining access to capital markets, reducing outflows, and greater involvement from the IMF and World Bank.
Characteristics of underdeveloped economiesGeorgi Mathew
Underdeveloped economies are characterized by low per capita incomes, underutilized resources, inefficient production techniques, and potential for growth. They have incomes of $1025 or less and rely on agriculture, suffering from poverty, unemployment, and low levels of living. Population growth outpaces economic growth, exacerbating unemployment and poverty. Development requires improving infrastructure, education, health, and industrialization to increase productivity and standards of living.
The document discusses protectionism and trade liberalization. Protectionism refers to restricting trade between countries through tariffs, quotas, and non-tariff barriers. Tariffs increase import prices while quotas restrict quantities. Non-tariff barriers make trade costly through regulations and standards. Countries adopt protectionism to shield domestic industries and jobs and for strategic or political reasons. Trade liberalization aims to reduce these barriers by promoting specialization, efficient resource allocation, and market access through agreements like GATT and the WTO. However, fully liberalizing world trade faces challenges in removing barriers like agricultural subsidies.
Tariffs are taxes imposed on imported or exported goods. There are several types of tariffs including specific tariffs (fixed amount per unit), ad valorem tariffs (fixed percentage of value), and compound tariffs (combination of specific and ad valorem). Tariffs can be used for revenue generation or protecting domestic industries. Quotas limit the quantity of goods that can be imported, and include tariff quotas, unilateral quotas negotiated bilaterally. Import licensing systems administer quota regulations by requiring licenses to import goods.
This document provides an overview of protectionism and its effects on international trade. It defines protectionism as government policies that restrict free trade to protect local industries from foreign competition, through measures like tariffs, quotas, and subsidies. It then discusses different types of protectionist policies and their impacts. While protectionism aims to protect domestic jobs in the short-term, it ultimately makes countries less competitive and can strain foreign relations. The document also notes arguments for and against protectionism, and that while protection may help infant industries, it discourages innovation and leads to lower quality, more expensive domestic goods over time.
Developing countries face several barriers to trade within regional blocks, including poor physical infrastructure like lack of railway connections, arduous customs processes, and differing policies on skilled labor. They also highly depend on exports to advanced nations for imports and markets, but these export markets can be unstable since they rely on primary commodities. Landlocked countries further depend on neighbors' infrastructure, relations, stability, and practices. Developing countries also face limited market access due to protectionism and trade barriers from advanced nations, especially in agriculture where subsidized surpluses are dumped on world markets at lower prices.
Customs Issues and Procedure Part 10.pptxSheldon Byron
This document discusses exporting goods from Canada and provides information on:
- The importance of exporting for the Canadian economy through job creation, economic growth, and utilization of resources.
- The process of exporting goods and connecting Canadian businesses to international markets.
- Both the benefits of exporting such as access to new customers and markets, and the challenges such as regulatory compliance, cultural differences, and currency exchange rate risks.
This document discusses tariffs and their economic effects. It defines tariffs as taxes on imports and describes different types of tariffs such as ad valorem and specific tariffs. The document then analyzes the consumption, production, trade, and revenue effects of imposing a tariff using a partial equilibrium model. It also discusses the impact of tariffs on consumer and producer surplus. Finally, it provides an example comparing the effects of a tariff versus an import quota.
The document discusses import substitution as a strategy for economic development. It defines import substitution as restricting imports that compete with domestic products in order to promote local production. The objectives of import substitution include promoting domestic industries, generating employment, and improving the balance of payments. While import substitution can increase employment and resilience, the industries may become inefficient without international competition. Effective import substitution requires industries that utilize local resources and demand.
This document discusses disequilibrium in a country's balance of payments. It defines balance of payments equilibrium as equal demand and supply of foreign currency in a period. Disequilibrium occurs when there is a surplus or deficit, meaning exports are greater or less than imports respectively. The document then discusses various causes of disequilibrium including economic, natural, political, and social factors. It outlines different types of economic disequilibrium and provides examples. Finally, it discusses automatic and deliberate measures countries take to correct disequilibrium, such as monetary, trade, and miscellaneous policy actions aimed at increasing exports and decreasing imports.
This document discusses the arguments for and against free trade versus protectionism. It begins by providing context from classical economists who argued for free trade, and the rise of protectionism post-World War II. It then outlines the key arguments for free trade, including specialization, increased prosperity, and competitive pressures. Arguments against free trade include the potential harm to developing economies and domestic industries. The document also discusses the economic and non-economic arguments in favor of protectionism, such as for infant industries, employment, and national defense. Finally, it notes some arguments against protectionism like increased prices and reduced innovation.
Meeting 5 - Leontief Paradox (International Economics)Albina Gaisina
Leontief attempted to empirically test the Heckscher-Ohlin theory that predicted countries would export goods intensive in their abundant factors and import goods intensive in their scarce factors. However, his analysis found the opposite - that the US exported labor-intensive goods despite being capital abundant. This contradiction became known as Leontief's paradox. Explanations for the paradox included differences in labor productivity between countries and the oversimplification of excluding natural resources. Later studies by others found similar paradoxical results for other countries like Japan. The paradox led some economists to dismiss the Heckscher-Ohlin theory in favor of models based on technological differences.
Hypothesis of secular deterioration of terms of tradeRitika Katoch
The document summarizes the Prebisch-Singer thesis, which argues that terms of trade tend to deteriorate against primary commodities and in favor of manufactured goods over time. It presents the key assumptions of the thesis, including that income elasticity of demand is greater for manufactured goods than primary products. As a result, as incomes rise in developed countries, demand shifts away from primary commodities exported by developing countries towards manufactured goods produced in developed nations. This leads to a long-term decline in terms of trade for developing country exports.
This document discusses institutions and economic development. It summarizes the evolution of thinking around institutions and development, from the Washington Consensus era to the rise of New Institutional Economics and its limitations. More recent frameworks like Acemoglu and Robinson's theory of inclusive vs extractive institutions and North, Wallis, and Weingast's theory of open vs limited access orders are described. The document argues that informal institutions like "deals" between elites and economic actors better explain economic growth and stagnation in most developing countries compared to formal institutional indicators. Shifts between different "deals environments" like disordered to ordered can trigger growth accelerations, while maintaining openness is key for sustained growth, but difficult due to elite resistance.
This document summarizes key concepts from Chapter 4 of an International Economics textbook. It covers theories for trade protection such as the infant industry argument. It then discusses tariffs, including import/export tariffs and calculations of effective rates of protection. Finally, it examines nontariff barriers such as import quotas, tariff-rate quotas, and subsidies. For quotas and tariffs, it outlines the impacts on consumer surplus, producer surplus, and government revenue. The chapter suggests quotas impose larger losses than equivalent tariffs due to restrictions on consumption.
Structural adjustment programs (SAPs) are economic reform policies imposed by the IMF and World Bank on developing countries as conditions for receiving loans. SAPs began in the 1980s and involved 187 programs across 64 countries. They aimed to boost exports, reduce government deficits, and improve investment climates. Typical SAP measures included currency devaluation, cutting social spending, privatizing industries, and deregulating markets. While SAPs achieved some economic growth in countries like Ghana, they also had many negative social impacts by reducing education, healthcare and living standards. Critics argue SAPs undermine national sovereignty and prioritize private profits over public welfare. In response to criticisms of SAPs, the IMF and World Bank introduced Poverty
The Bretton Woods system established in 1944 aimed to govern international monetary and exchange rate regulations through institutions like the IMF and World Bank. It intended to set a fixed exchange rate between currencies pegged to the U.S. dollar, which was pegged to gold. This was expected to promote international cooperation and financial stability. However, the system broke down in the 1970s as countries could no longer maintain the required exchange rate adjustments due to large balance of payments crises, replacing it with floating exchange rates.
The document defines and describes key aspects of a country's Balance of Payments account, including that it is a systematic record of all economic transactions between a country and the rest of the world over a specific period, usually annually. It includes components like the current account, capital account, and errors and omissions. The balance of payments can be in deficit, surplus, or balanced depending on whether receipts are greater than, less than, or equal payments. Countries employ various monetary and non-monetary measures to correct a deficit.
The document discusses the balance of payments (BOP) of a country. It defines BOP as a systematic record of all economic transactions between a country and the rest of the world. The BOP has three components - the current account, capital account, and official settlements account. The current account covers exports and imports of goods and services. The capital account covers financial flows. Disequilibriums in the BOP can be corrected through automatic measures like changes in exchange rates or deliberate measures like trade policy changes and monetary policy tools.
The document discusses international debt, defining it as money owed by a country or its citizens and corporations to foreign creditors or international financial institutions. It notes that developing countries have been particularly impacted, having to divert funds away from social services to repay debts. The document outlines some major debt crises like those in the 1950s, 1980s, and 2008, and suggests solutions like debtor countries regaining access to capital markets, reducing outflows, and greater involvement from the IMF and World Bank.
Characteristics of underdeveloped economiesGeorgi Mathew
Underdeveloped economies are characterized by low per capita incomes, underutilized resources, inefficient production techniques, and potential for growth. They have incomes of $1025 or less and rely on agriculture, suffering from poverty, unemployment, and low levels of living. Population growth outpaces economic growth, exacerbating unemployment and poverty. Development requires improving infrastructure, education, health, and industrialization to increase productivity and standards of living.
The document discusses protectionism and trade liberalization. Protectionism refers to restricting trade between countries through tariffs, quotas, and non-tariff barriers. Tariffs increase import prices while quotas restrict quantities. Non-tariff barriers make trade costly through regulations and standards. Countries adopt protectionism to shield domestic industries and jobs and for strategic or political reasons. Trade liberalization aims to reduce these barriers by promoting specialization, efficient resource allocation, and market access through agreements like GATT and the WTO. However, fully liberalizing world trade faces challenges in removing barriers like agricultural subsidies.
Tariffs are taxes imposed on imported or exported goods. There are several types of tariffs including specific tariffs (fixed amount per unit), ad valorem tariffs (fixed percentage of value), and compound tariffs (combination of specific and ad valorem). Tariffs can be used for revenue generation or protecting domestic industries. Quotas limit the quantity of goods that can be imported, and include tariff quotas, unilateral quotas negotiated bilaterally. Import licensing systems administer quota regulations by requiring licenses to import goods.
This document provides an overview of protectionism and its effects on international trade. It defines protectionism as government policies that restrict free trade to protect local industries from foreign competition, through measures like tariffs, quotas, and subsidies. It then discusses different types of protectionist policies and their impacts. While protectionism aims to protect domestic jobs in the short-term, it ultimately makes countries less competitive and can strain foreign relations. The document also notes arguments for and against protectionism, and that while protection may help infant industries, it discourages innovation and leads to lower quality, more expensive domestic goods over time.
Developing countries face several barriers to trade within regional blocks, including poor physical infrastructure like lack of railway connections, arduous customs processes, and differing policies on skilled labor. They also highly depend on exports to advanced nations for imports and markets, but these export markets can be unstable since they rely on primary commodities. Landlocked countries further depend on neighbors' infrastructure, relations, stability, and practices. Developing countries also face limited market access due to protectionism and trade barriers from advanced nations, especially in agriculture where subsidized surpluses are dumped on world markets at lower prices.
Customs Issues and Procedure Part 10.pptxSheldon Byron
This document discusses exporting goods from Canada and provides information on:
- The importance of exporting for the Canadian economy through job creation, economic growth, and utilization of resources.
- The process of exporting goods and connecting Canadian businesses to international markets.
- Both the benefits of exporting such as access to new customers and markets, and the challenges such as regulatory compliance, cultural differences, and currency exchange rate risks.
The document discusses key issues related to international trade for least developed countries (LDCs). It notes that LDC exports are highly concentrated in a few commodities and markets, leaving them vulnerable to price fluctuations. While LDC exports grew rapidly in the 2000s, the economic crisis caused declines. The document outlines measures LDCs could take to better exploit natural resources, strengthen trade preferences, and ensure financing supports economic growth to help LDCs develop their economies through international trade.
The document discusses agricultural development and trade issues in Uganda. It finds that while Uganda's GDP growth has been high, agricultural productivity has declined in recent decades due to factors like lack of improved inputs, animal and plant diseases, and unreliable weather. Uganda is also landlocked, relying on neighbors for trade, but this poses challenges like high transportation costs and delays. The document recommends that Uganda prioritize improving agricultural productivity through investment, research, and adoption of new technologies. It also suggests improving trade facilitation through regional agreements and infrastructure development to address challenges of being landlocked.
This document discusses various tariff and non-tariff trade barriers. It defines a tariff as a tax on imported goods that increases their price. Common tariff barriers include customs duties and export taxes. While tariffs protect local industries and jobs, they also increase prices for consumers. The document also examines how tariffs impact domestic production and imports. It then outlines various types of important tariff barriers. Next, it defines non-tariff barriers as obstacles other than tariffs, such as quotas, embargoes and product standards. The document lists some examples of non-tariff barriers and their impacts.
The Brussels Development Briefing n.47 on the subject of “Regional Trade in Africa: Drivers, Trends and Opportunities” took place on 3rd February 2017 in Brussels at the ACP Secretariat (Avenue Georges Henri 451, 1200 Brussels) from 09:00 to 13:00. This Briefing was organised by the ACP-EU Technical Centre for Agricultural and Rural Cooperation (CTA), in collaboration with IFPRI, the European Commission / DEVCO, the ACP Secretariat, and CONCORD .
Issues in Indian agriculture economy nowadaysanviagarwal8
India's agriculture sector faces several challenges including infrastructure issues, quality concerns, and barriers to trade. Logistics costs are high due to poor road and rail networks and inadequate storage facilities. Food processing contributes significantly to GDP but the industry remains largely unorganized. Both imports and exports face tariffs and non-tariff barriers from other countries. Recent events like the Russia-Ukraine war have disrupted trade and increased costs. Trade agreements have increased competition for Indian farmers while also providing new export markets. Overall the sector has potential for growth but requires improvements and investment in infrastructure, food safety, and trade policy.
The document discusses key challenges and constraints for trade in the East African Community (EAC) region. It outlines issues like low industrialization, lack of access to technology, inadequate infrastructure, and difficulties meeting standards of developed countries. It also discusses shortcomings of Aid for Trade at both the global and domestic levels, including a lack of coordination, minimal resources, and a focus on infrastructure over supporting small businesses and informal sectors. It argues Aid for Trade should prioritize building capacity of small producers and linking them to export markets in key sectors like agriculture, textiles, and tourism.
The document summarizes recent economic outcomes and short-term prospects in the Middle East and North Africa region. It notes that the region experienced high growth rates around 6% from 2002-2005 driven by increased oil prices and revenues. However, resource-poor countries were negatively impacted by the end of the Multifibers Agreement and reduced textile exports. Overall, the region saw declining unemployment rates around 12% on average and strong export growth of 14% annually from 2002-2005. For long-term growth, resource-poor countries implemented structural reforms in areas like trade liberalization, privatization, and job creation.
The document discusses South Africa's Trade Policy and Strategy Framework. It notes structural challenges in the economy like poverty, inequality and unemployment. The framework aims to promote industrialization and export diversification to create jobs. Tariff policy will support sectors identified in industrial strategies. International trade is dynamic so South Africa must build production capacity and export value-added goods to compete globally. The role of trade policy is to facilitate an inclusive growth path oriented toward labor-intensive industries and knowledge-based sectors.
OCR F585 Economics - Extract 1 - Globalisation and Tradetutor2u
Globalization is a process of increasing economic integration between countries through trade and financial flows. It has led to rising trade as a percentage of GDP for most countries as global supply chains have developed. Smaller and poorer countries like Malawi have seen particularly large increases in trade as a share of their economy, reflecting their specialization in just a few primary exports and dependence on imports. While globalization can boost growth, it also exposes smaller economies to volatility from global markets.
1. Global value chains (GVCs) have led to a large increase in international trade since the 1990s by breaking up production processes across multiple countries according to their areas of specialization. This allows firms and countries to benefit from efficiency gains.
2. Empirical evidence shows that GVCs have contributed more to income growth than traditional trade models through their productivity-enhancing effects. GVC participation also delivers more and better jobs, leading to greater poverty reduction.
3. While GVCs have driven significant economic growth, developing countries may not share equally in the gains if they only participate in natural resource-based industries. GVCs also present challenges for tax systems and could reduce the viability of currency de
The impact of informal cross border trade on regional intergration in sadc an...Dr Lendy Spires
1. Informal cross-border trade (ICBT) plays an important role in regional integration in Southern African Development Community (SADC) by building informal networks between people and countries. However, ICBT faces many obstacles.
2. ICBT traders experience challenges related to lack of infrastructure like roads and internet access. They also face difficulties with standards, access to finance, visa restrictions, and harassment at borders. Additional support is needed to help ICBT overcome these obstacles.
3. Addressing the challenges facing ICBT could help strengthen regional integration in SADC and boost economic development. Both governments and private sectors need to work together to establish policies that better facilitate and support informal cross-border trade.
Tanzania manufacturing: Sector opportunity scan - Part II (2019)aadamali
Sector prioritization to inform selection process, assessing key manufacturing sectors using country-level, sector-specific data, combined with qualitative assessment of each sector’s performance on key competitiveness measures.
Developing nations face challenges in international trade including dependence on exports of primary goods, unstable export markets, and worsening terms of trade. They have attempted remedies like commodity agreements to stabilize prices, but these have had limited success. Developing nations have pursued both import substitution strategies, protecting domestic industries behind trade barriers, and export-led growth, focusing on manufactured exports. While both have benefits, import substitution risks inefficiency while export-led growth depends on demand in foreign markets. Case studies show mixed results for different countries' trade strategies.
Global interdependence - A level Human Geography - Trade and Debt nazeema khan
Global trade is impacted by many factors including historical colonial ties, resource endowments, locational advantages, trade agreements, and debt burdens. Some key points from the document are:
- Countries' trade patterns are still influenced by historical colonial relationships as countries tend to trade most with their former colonial powers.
- A country's natural resource endowments, such as oil reserves or agricultural potential, impact what goods it can export and trade relationships.
- Geographic location provides advantages if a country is near major markets or transportation routes.
- Trade agreements and trading blocs like the EU promote trade between member countries but can disadvantage non-members.
- Debt burdens, from factors like colonial
The document discusses key issues facing landlocked developing countries and provides recommendations. It covers 5 priority areas: 1) fundamental transit policy issues, 2) infrastructure development and maintenance, 3) international trade and trade facilitation, 4) international support measures, and 5) implementation and review. Some of the major challenges identified include high transport costs due to lack of direct access to sea, poor infrastructure, and inefficient border procedures. Recommendations focus on improving transit policies, increasing investment in transport infrastructure, and facilitating international trade.
Research publication summary_Structure of the Malaysian Economy - An Input - ...KRInstitute
This document discusses findings from research on the sources of Malaysia's national income across four chapters:
1) Domestic demand contributes significantly to GDP but imports are overestimated, underestimating trade's contribution.
2) Policy decisions based on single multipliers can misrepresent impacts; appropriate multipliers depend on goals. Key sectors consistently contribute high value-added.
3) Manufacturing zones contribute substantially to exports but with higher foreign content, lowering domestic value-added.
4) Small and medium enterprises are highly linked to but not integrated with large sectors; they produce with higher value-added intensity than larger sectors.
This document discusses Douglas North's export-base theory of regional economic growth. It states that North believed regions are open and interconnected, with goods and services flowing between them, and that a region's growth depends on the expansion and success of its export sector. Increased exports lead to increased regional income, production capacity, and overall economic activity. The pillars of the export-base model are that a region shares a common export base and its growth is determined by its export sector's performance. Criticisms include that the model gives undue importance to exports over domestic growth potential and ignores issues like tariffs and government policies.
Rao 4b factors in food security 2 trade and aidSizwan Ahammed
This document discusses the role of international trade and food aid in global food security. It outlines trends in food trade, the structure of international food markets, impacts of trade agreements like GATT on agriculture and food security. The document also analyzes different types of food aid and how to improve the efficacy of food aid interventions based on the nature of food deficits in recipient countries.
Similar to Trading problems of developing countries (20)
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the what'sapp contact of my personal pi vendor
+12349014282
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the what'sapp contact of my personal pi merchant to trade with
+12349014282
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
3. LESS DEVELOPED COUNTRIES
Barriers to trade within the
regional blocks
• the primary barrier to trade
with its regional partners is the
poor physical infrastructure
development in terms of
quality, maintenance and
connectivity within the
organization.
• for example Uganda lacks
railway connection to Rwanda,
Sudan which increased trade
transaction and depressed
trade opportunities within
regions.
4. • Persistent interference with ground transportation,especially
truck transportation,characterised by arduous customs and
roadblocks checks
The EAC and largely COMESA partner states are
currently entwined in exporting substitutable products
rather than complements. For example, all the EAC
partner states export to each other, inter alia, plastics,
dairy products, food stuff, soap products, cement,
paints and varnishes, and vegetable, fats and palm oil.
This has generated unnecessary competition within the
single market, which in turn has limited the gains
from trade, especially for Uganda because it is landlocked
and incurs more production costs for the transportation of
some raw materials. Thus, Uganda needs
to rapidly diversify its exports, especially in the services
industry, in order to reap the gains of integration.
5. • Disadjustment in the
respective partner migration
policies toward skilled labor to
facilitate the flow of labor and
to address persistent skills
shortages in specific fields.
6. EMERGING MARKETS
Highly dependence on Advanced Nations
• majority of exports go to advanced nations and imports come from
these advanced nations
7. • unstable export
markets
• exports are based on primary
products like agricultural
products , raw materials and
fuels.
• during poor harvest or
decrease in demands for
nation's specialised
product,significantly reduces
revenues from export.
• disrupt domestic income and
damage employment levels.
8. • limited market access
• protectionism and trade
barriers imposed by advanced
nations has been hindrance to
nation's market access.
• global protectionism in
agricultural.
9. • the unwanted surplus that
resulted from government
subsidies are dumped into
world market at lower price ,
which in turn decreases prices
for agricultural commodities in
market and reduce export
revenues significantly for
developing countries.
10. • landlocked countries
in trade
• dependence on neighbours’
infrastructure;
• dependence on sound cross-
border political relations;
• dependence on neighbours’
peace and stability; and
• dependence on neighbours’
administrative practices.
Editor's Notes
The very idea of Free Trade is, of course, a noble one. The idea is to bring the third World nations of Latin
America, Asia, and Africa into a fair competition with, and economic parity with, the Western countries.
The many strong pro- and con- convictions of a number of respected authors do deal with the fact that
the original framework, which was based on the Industrial Revolution has vanished. It has already been
mentioned that the idea of a “ borderless economy” is now a fait accompli. The world, therefore, no longer
“consists of a series of closed national economies, each with its unique set and factors of production….But
there is a problem with this view of the world.
There are three economic developments
in the past decade that make “International
Business” and its management a vital means
of economic domination. First, there is
the communications explosion. Second,
the development of the “euro” currency
which makes the whole of Europe (the
EU) a predominant economic and fiancial
force to be reckoned with. And, the third
development is the rise and fall and rise of
various Asian nations