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Because most developing countries have weak domestic industries the do not benefit from what?
free-trade policies
What trade policies would most encourage Americans to buy domestic products instead of foreign products?
tarrifs
When are two countries most likely to conduct trade with one another?
the countries produce different specialized goods
Why do countries trade most heavily with countries located close to them?
Because it's easier just going to a closer country than going around the world to a far away countries
Which countries today still practice mercantilism?
The basic proposition of Mercantilism is that the state should aim to maximise it's wealth through one-way trade with other countries, maximising exports and keeping inports to a mimimum. Whilst this theory originates in the 16th century and the theory of free trade followed it, it can be argued that the way in which most countries trade today is rooted in Mercantilism. Despite the World Trade Organisation claiming non discrimination through the regulation of the 'most favoured nation.' Almost (if not all) every country within the WTO has signed a Regional Trade Agreement, so although they do not officially have barriers against countries not in these RTAs, the RTA members give preferential rates to each other- thus leaving the non-members of these RTAs out. This sounds complicated, in actual fact it's simple: The developing countries are in debt due to lending policies with interest that they can't pay back, the developed countries export goods into these countries whilst making it very hard for the developing countries to export their own goods in return. The richer are getting richer and the poorer are getting poorer. This is what is happening now. This is mercantilism.
Because most developing countries have weak domestic industries the do not benefit from what?
free-trade policies
Because most developing countries have weak domestic industries they do not benefit from what?
Free-trade policies
What countries does France trade with most often?
Countries in the EU, Germany and Canada
Who decides on the trade policy?
Trade policy decisions are typically made by the government, specifically the executive branch, in most countries. This decision-making process involves input from various government agencies, such as the department of commerce or trade representatives, and may also involve consultation with industry stakeholders and trade partners. Ultimately, the government is responsible for setting and implementing trade policies.
What countries does Jamaica trade with the most?
Us and Canada
Where are most fair trade ceramics made?
Most fair trade items are made in Ghana or foreign countries
What describes a difference between OPEC and the WTO?
One key difference between OPEC (Organization of the Petroleum Exporting Countries) and the WTO (World Trade Organization) is their primary focus. OPEC aims to coordinate and unify petroleum policies among member countries to stabilize oil markets, while the WTO focuses on regulating international trade and resolving trade disputes. Additionally, OPEC is a voluntary organization composed of oil-producing countries, while the WTO is a global institution with a broader membership that includes most countries in the world.
How many countries does fair trade sell their products in?
there are many diffrent countries but the most country is USA
What trade policies would most encourage Americans to buy domestic products instead of foreign products?
tarrifs
Why are foreign workers needed on the Arabian Peninsula?
The countries' immigration policies are the most lenient in the Middle East.
When are two countries most likely to conduct trade with one another?
the countries produce different specialized goods
What are some countries Mexico traded with?
Mexico is one of the countries with most trade agreements in the world, having 12 free trade agreements with over 40 countries including North and Central America, the European Free Trade Area and Japan, putting more than 90% of its trade under free trade agreements.
