What is a good index for intra-industrial trade? What is the magnitude of intra-industrial trade in today’s global system?

Q: What are some major issues on the trade war?   How does the trade war pertain to the food…

A: Trade war: It occurs when a country puts trade restrictions or high duty imports from another…

Q: Define the differences between the classical, country-based trade theories and the modern,…

A: The objective of this question is to understand the differences between classical, country-based…

Q: Discuss the role of transport in facilitating global trade

A: The objective of this question is to understand the role of transport in facilitating global trade.…

Q: Why do countries place restrictions on international trade?

A: Introduction :  The exchange of commodities and services between countries is known as international…

Q: How did global financial crisis of 2008/2009 impact global trade and for how long?

A: Trade is the concept that explains the buying and selling of goods and services in exchange for…

Q: What is globalization of trade and how does it affect the economy

A: Globalization is the global integration and interaction among people of different countries. It…

Q: True or false: Internal trade depends on comparative advantages?

A: Internal trade refers to the trade which occurs within the country. There are hardly any…

Q: Define the differences between the classical, country-based trade theories and the modern,…

A: The objective of the question is to understand the differences between classical, country-based…

Q: In your own words, explain the "Globalization requires a global war on terro

A: Globalization helps the country to develop its economy and move towards the path of development.

Q: When should a company consider expanding from strictly domestic trade to international trade?

A: The exchange of goods and services within the boundaries of a single nation is known as domestic…

Q: Are the Bretton Woods institutions still capable of efficiently governing world trade?

A: The Bretton woods institutions were created to serve the economy with their financial support and…

Q: How has free trade impacted the manufacturing sector of the US economy?

A: In the United States, free trade played significant role as it influenced the overall working of US…

Q: Why do you think international trade volume has increased over time? In general,how are inefficient…

A: 1. Technological Advancements: Advances in transportation, communication, and information…

Q: Evaluate the reasons we see the prevalence of intra-industry trade between similar economies.

A: A high proportion of trade,  is intra-industry trade—that is, trade of goods within the same…

Q: Name at least 2 trade barriers in existence today, and discuss their effect on trade.

A: Exchange boundaries or trade barriers are limitations forced by the public authority of a nation on…