What changes could be made to better the open markets operations?

Q: Explain why, despite comparative cost disadvantages, countries might tend to protectionism for…

A: Protectionism : Protectionism refers to the deliberate practice of limiting imports or promoting…

Q: What is a global trade

A: International Trade or global trade is the import and export of goods and services between the…

Q: What is the importance of THE NORTHWEST PASSAGE to international trade?

A: The Northwest Passage (NWP) is a shipping transportation route that interfaces the Pacific and…

Q: Differentiate between WTO, NAFTA, andEU in terms of basic functions and membercountries.

A: International trade agreements govern the exchange of goods and services between two or more…

Q: what is the role of the United Nations and the NATO in international relations?

A: In the international market or global economies, NATO is the agreement or treaty among the nations…

Q: What can be regarded as the correct mix between free trade and protectionism

A: In an economy, free trade and protectionism are two opposite concepts or approaches to make economic…

Q: what is the difference between international trade and international finance

A: Globalization and economic liberalization are significant milestones in the history of international…

Q: Examine the role of WTO in resolving such trade conflicts between countries.

A: The World Trade Organization (WTO) is an intergovernmental body that regulates and supports…

Q: Some people claim that international dualism and domestic dualism are merely different…

A: Dualism symbolizes the presence of increasing divergences/differences between rich & poor both…

Q: How does free trade enhance global efficiency?

A: Free Trade Answer: Free trade represents a situation where different countries in the world can…

Q: How does protectionism affect world trade?

A: Trade refers to the buying and selling of goods and services with the domestic borders as well as…

Q: Why is it difficult to set international prices?

A: It is observed that when a company operates internationally it has to set its price and product on…

Q: What are the roles of WTO? Elaborate each role.

A: WTO refers to World Trade Organisation. It is an international organization dealing with rural trade…

Q: Who does protectionism protect? From what does it protect them?

A: International trade brings out a positive impact on the economies as they help in growing the…

Q: What does Globalizing Trade mean? Explain briefly.

A: Globalization implies the speedup of developments and trades (of people, merchandise, and…

Q: International Political Economy (IPE

A: A simple answer is that IPE is concerned with the way in which political and economic factors…

Q: If the US has a lower index of openness than other countries, does it mean that international trade…

A: The openness index shows the mathematical expression as the ratio of the sum of exports and imports…

Q: Contrast the pros and cons of protectionist policies

A: The policy that allows the government to promote domestic producers and boost goods and services…

Q: Why is global trade important?

A: Global trade means trading( Export and import)  goods and services between the nation's .    Global…

Q: How do policies of consuming nations impact the potential exporting-country responses?

A: The policies of the importing countries which impact the potential exporting country responses are:…

Q: Pakistan Economic Corrido

A: China–Pakistan Economic Corridor(CPEC) is a collection of projects of infrastructure being under…

Q: In a short essay, describe what is Trans-Pacific Partnership (TPP) and explain your view on whether…

A: Trans-Pacific Partnership (TPP) was an agreement proposed during the period of Donald Trump that 11…

Q: How International economic Problems can be solved by international organizations?

A: We know that Globalisation is the reason of economic prosperity for some countries who were already…

Q: Differentiate between WTO, NAFTA, and EU in terms of basic functions and member countries.

A: Economists argue that free trade of goods and services promote economic growth and allocate the…

Q: What will happen to a nation's economy or open market when there is a large new oil reserve has been…

A: In the below discussion we are considering the United States for further discussion, the effect on…

Q: Which are the countries that did not sign the UNCLOS Treaty and why?

A: The UNCLOS defines the rights and the responsibilities of nations with respect to their use of the…

Q: In the context of governance and politics, internationalism which was coined by Jeremy Bentham is…

A: Bentham was more of a critic of law and judicial and political institutions than a philosopher.…

Q: liberalization and protectionism

A: Liberalization :- liberalization is the removal or reduction of restrictions or barriers on the free…

Q: Evaluate which protectionist method is best for an economy.

A: A nation's trade protectionist policy is a calculated and deliberate effort to limit imports while…

Q: The following are the neo-liberal economic policies promoted by World Bank and IMF. Which is NOT? A.…

A: World Bank: It is an international organization that was founded in 1944 at Bretton Woods. The…

Q: What measures do governments take to promote exports and restrict imports? Who benefifits and who…

A: There are various measures taken by the government to control imports and promote exports, which…

Q: The following are the neo-liberal economic policies promoted by World Bank and IMF. Which is NOT? A.…

A: Established at the Bretton Woods gathering in 1944, the two foundations have complementary missions.…

Q: How can you say that a country participates in the global market?

A: A global market is one in which one country's goods and services are traded (bought or sold) to…