ADMS 3960 Lecture Notes - Lecture 3: Entrust, Andrew Coyne, Unfair Competition
9 Dec 2017
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Document Summary
Tariffs are a rate of money levied on a good coming into a country. Non tariff barriers are becoming problematic to international trade. Buy local legislation: forcing a level of local production and purchase e. g. buy america. Diplomacy : countries suing other countries as a result of a company. Dumping is viewed as an unfair trade practice. Same tariffs on goods everywhere in the eu. First agreement that involved developed countries and developing countries and had benefits for both countries. A customs agreement will be more beneficial than a regional free trade agreement. Biggest beneficiary of nafta would be china (according to the us). Issues of trade creation vs trade diversion e. g. canadas trade agreement with jordan. Ownership advantages: advantages specific to the company and/or its value chain. Location advantages: advantages specific to a market or a country. Internalization advantages: advantages derived by continuing to do something internally, rather than outsourcing it (do it yourself).
