GMS 522 Chapter Notes - Chapter 3: China National Offshore Oil Corporation, Keiretsu, Factor Endowment
21 Jan 2018
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Document Summary
Exports: goods manufactured in the home country and sold in a foreign country. Imports: good produced in a foreign country and sold in the home country: countries vary in their dependence on international trade (2016, the u. s is canada"s major trading partner (2014) Governance of international trade: national governments responsible for setting domestic international trade policies and monitoring imports and exports, there are also transnational institutions involved in international trade. Protectionism: measures adopted by national governments to unduly restrict trade and foreign investment. Protectionist measures: tariffs, quotas, voluntary export restrictions, quality standards, ip protection, investment restrictions. Tariff: a tax imposed by a domestic government on an internationally traded product. Export tariff: imposed on a product which is being exported from a country. Transit tariff: imposed on a product which is being transhipped from one country to another. Ad valorem: a percentage of the market value of the imported product.
