Impact Of Trade Remedy Measures On Africa 's International Trade And Economic Growth A Case Study Of Kenya

While free trade is always better than trade restrictions and distortions, it can exacerbate existing asymmetries between rich and poor nations and therefore result into poverty and inequality (Marks et al., pg 617). The systems in place to ensure free and fair trade do not always

Trade also leads to competition, a driving force in increasing the “pie.” Although competition with foreign producers might be perceived as a bad thing, it actually facilitates economic growth in the world. Competition forces producers to constantly update and improve their products. Without competition, a state becomes stagnant and simply stays at the status quo for years to come. Thus, competition helps the global economy evolve with new ideas and innovations. The instrumental role of competition and trade can be seen when comparing the fate of

In this paper, the trade structure between Germany and Tanzania, and its impacts to the development of Tanzania has been analysed. The study identifies that Tanzania’s major export commodities to Germany include primary goods and few intermediate and manufactured goods, while it imports significant volumes of finished manufactured goods from Germany. By this structure of trade, Tanzania is perhaps locked to concentrate on production of natural and primary goods; this has a better outcome in the short term, but leads to several problems in the long-term which can future hinder its speed of development. In this case, Tanzania needs to establish strategies that can assist in improving production of manufactured goods so as to boost its benefits

The government of developing economy will act of levying tariffs on imported goods industries which it wants to foster growth (Caistri, 2009)

Over the last 50 years, Africa has received aid from all over the world, yet with all it has been given from charity work, donations and economic aid there still has been no progress in most African countries. The controversy surrounding Africa's economic state is that while the continent is plentiful with natural resources and potential trading partners, it seems that the resources are being wasted because there is no revenue coming into the economy and the people are still in a horrid state of poverty. Africa needs to revolve reforms in the government to potentially fix the crisis instead of relying on aid from around the world.

Accent emphasis on trade liberalization is becoming more significant, which is aimed at eliminating tariffs and quotas between trading partners. This analysis look at Africa’s part in international trade, and consider if the continent is benefitting from the globalization of trade today and how the continent can increase their total part of trade.

Trade protectionism is defined as “Policies that limit imports, usually with the goal of protecting domestic producers in import-competing industries from foreign competition” (Krugman, Wells, Graddy 538). Trade protectionism can appear to be a useful tool for governments to employ against social problems such as unemployment, or to assist in overcoming the obstacles faced when establishing a domestic industry. In the long term, however, trade protectionism will slow economic growth and negatively impact the industries that the government is seeking to protect. This paper will attempt to show how trade protection methods such as tariffs and import quotas can seem beneficial initially but eventually cause long term economic harm, and will close by briefly discussing free trade as a viable alternative to trade protectionism.

Module #4 of the Global Economics necessitates an evaluation of global governments efforts in assuring developing countries obtain a fair and adequate share of the global trade (Poolen, 2013). To this, a response to the interventions of global governments and their need or desire to intercede in third world economics must be indicated. All of which must be derived from chapter #6 & #7 of Carbaugh’s discussion within the text to both support and extrapolate a conclusion (Poolen, 2013) (Carbaugh, 2011) . Developing nations’ problems, trade policy, export growth, or industrial policies should be addressed as topical discussion for this assignment.

According to economic theory, trade is a win-win proposition and economic incentives should encourage trade and eliminate restriction to it. Probably that is the reason we observe a trade intensive global economy. Trade liberalization are not as simple as it appears. Questions such as which trading partner to choose, how much and how fast the liberalization should take place, and whether the additional trade is beneficial are still debatable for many developed and developing countries (Ciuriak, 2008 ).

This report addresses different types of trade used internationally. It will discuss trade agreements e.g. NAFTA, TPP, and the effect they have had on individual countries. It will also focus on the WTO and their role in international trade. There has been significant secondary research in order to write this report such as reading articles, blogs and speeches.

The worldwide economic might be effort a good things than shut in economic. It became generally accepted in recent years including in Africa (Rodrik, 1997; Wang and Winters, 1998; UNECA, 2004). However, this idea has become confused with the idea that the ‘Doha Round’ as a fixed way to greater available and will give an important opportunities for African trade interests. The current arrangement of subject on the negotiating table in Geneva is not a promising for get in the point to the development of African economies. This is not because more trade would not cause of higher growth in Africa but because of African

The World Trade Organization implements and facilitates trade between countries. Their aim is to help countries especially developing countries in boosting their trade between countries. They also help in creating agreements between countries that help to encourage trade and make trade easier. They help in settling disputes or problems between member countries anytime it develops. I chose this topic because I wanted to find out the different ways that the WTO has influenced trade especially in emerging developing countries. The WTO has influenced the trade policies and decisions of their member countries, most especially developing countries.

Globalization has huge influences on economies as many countries are engaged to international trade in order to achieve economic growth, free trade agreement and financial liberalization has contributed to the opening up of world economies and resulted in more international trade. Countries use their comparative advantages to gain a positon in the global marketplace and achieve economic growth (Seyoum 2007). International trade is a critical resource of revenue earning for developing countries. However, the benefits realized from free trade are mostly enjoyed by developed countries. In another word, developing nations are actually at a competitive disadvantage when it comes to international trade (Ghani 2009). In this essay, it will

Nigeria and its neighboring African nations have imposed strong continental Trade Barriers which is depriving the continent of new sources of economic growth, new jobs and leading to a sharp fall in poverty and other factors. However, many African countries are losing several billions of dollars in potential trade earnings every year, because of high trade barriers with neighboring countries. It is easier for Africa to trade with the rest of the world than with itself.

World Trade Organisation (2013:online) proposes that merchandise exports of WTO members totalled US $17.3 trillion in 2012 and export of commercial services totalled US $4.25 trillion in 2012 and suggests that size of the international trade continues to increase. The top five world’s merchandise exporters are Germany, United States, China, Japan and France, in addition world’s top five service exporters are United States, United Kingdom, Germany, Japan and France (Wild et al., 2010). The concept of trade and international trade is not a new concept, it occurred many thousands of years ago (Schmitz and Schmitz, 2014).