ADM 3318 Lecture Notes - General Agreement On Tariffs And Trade
Document Summary
Illustrate the various policy instruments governments use to restrict imports and promote exports: explain why some governments intervene in international trade to restrict imports and promote exports, restate the position of those who argue that government intervention in international trade can be self defeating and typically fails to product the gains that advocates of intervention claim, summarize the evolution, purpose, current status, and future prospects of the global trading system as embodied in the general agreement on tariffs and trade and the world trade organization, demonstrate the important implications for business practice of government intervention in international trade and of the current global trading system. Political arguments for intervention: protect jobs, protect industries vital for national security, retaliating to unfair foreign competitors, protecting consumers from dangerous" products, furthering the goals of foreign policy, protecting human rights of individuals in exporting countries.
