Protect emerging industries (tie-up)

Essential of International Economics

Mercantilism

Goods

Tariff

services

Raise revenues, Protect domestic industries, Protect domestic consumers, Protect national interests

Make a market predictable, Support a nation's goals, Open negotiations and Produce revenues

Tariffs are primarily used to control and regulate the flow of goods across international borders.

GATT Replaced by the World Trade Organization (WTO)

Purpose of the General Agreement on Tariffs and Trade (GATT)

General Agreement on Tariffs and Trade (GATT)

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LUH BALIW HINDI

set up to eliminate protectionism, get countries trading freely among themselves, and help restore economic prosperity following the devastation of World War II.

That was essentially its goal. GATT sought to push the world toward a reality where goods and services are exchanged among countries without tariffs, quotas, favoritism, or discrimination.

Essential of International Economics

is better positioned to carry them out because, among other things, it is better versed in issues like intellectual property, has a faster dispute settlement system, and wields more power.

That was essentially its goal. GATT sought to push the world toward a reality where goods and services are exchanged among countries without tariffs, quotas, favoritism, or discrimination.

GATT held eight rounds of trade negotiations in total, from April 1947 to December 1993, and each had significant achievements and outcomes.

largely successful in reaching its goal, was said to lack a coherent institutional structure. In short, it was a legal agreement acting as an international organization

free trade ethos put an end to a dark period of protectionism and economic hardship

paving the way for decades of economic growth and increased globalization.

Oo baks

hala hindi

Kupit

Tariff

Tax

Tariff

taxes

Revenue

Revenue Generation

Scope

Purpose

Foreign Exchange market- The market (also known as forex, FX, or the currencies market)

Foreign Exchange Rate Determination

The balance of payments

yes na yes

parang?

Financial Account yan boang

tama lang

Balance of Portfolio

Balance of Payment

Balance of Trade

During times of slowdown or a recession, an expansionary policy grows economic activity. By lowering interest rates, saving becomes less attractive, and consumer spending and borrowing increase.

policy increases interest rates and limits the outstanding money supply to slow growth and decrease inflation, where the prices of goods and services in an economy rise and reduce the purchasing power

higher money supply and attractive interest rates stimulate business activities and expansion of the job market.

on my own by Donalyn

Open Market Operations

Objective Money operations

Fiscal

Fiscal policy

Physical policy

Standpoint

Stance

Staypoint