Trade Barriers in North, Central & South America
Book Details
Format
Hardback or Cased Book
ISBN-10
1600219586
ISBN-13
9781600219580
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Jan 1st, 2008
Print length
161 Pages
Weight
578 grams
Dimensions
25.90 x 18.70 x 1.80 cms
Product Classification:
International trade
Ksh 29,500.00
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Economists generally agree that trade barriers are detrimental and decrease overall economic efficiency, this can be explained by the theory of comparative advantage. In theory, free trade involves the removal of all such barriers, except perhaps those considered necessary for health or national security. In practice, however, even those countries promoting free trade heavily subsidise certain industries, such as agriculture and steel. Examples of free trade areas are: North American Free Trade Agreement (NAFTA), South Asia Free Trade Agreement (SAFTA), European Free Trade Association, European Union (EU), Union of South American Nations. Other trade barriers include differences in culture, customs, traditions, laws, language and currency. This new book is based on information from The Office of the United States Trade Representative (USTR).
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