X hits on this document

122 views

0 shares

0 downloads

0 comments

42 / 46

Licensed to:

554

Index

Products and countries, 5355 primary, 231 supplying to foreign buyers, 315318 Profits, maximizing cartel, 245247 Property rights. see Intellectual property rights (IPRs) Protection against cheap foreign labor, 142143 effective rate of, 115117 against foreign dumping, 207212 against foreign export subsidies, 206207 of intellectual property rights (IPRs), 213215 job, 141142 against unfair trading practices, 212213 Protection-biased sector, 148 Protectionism political economy of, 147149 supply and demand view of, 149150 Protective effect, 130 Protective tariff, 112 Purchasing power parity, 410415, 429 Put option, 380

Q

Quantity theory of money, 434435 Quota Law of of 1921, 336 Quota licenses, allocating, 159 Quotas export, 163165 global, 156 import, 155159 selective, 156 tariff-rate, 161163 versus tariffs, 159161 Quotations, reading foreign-exchange, 375377

regional integration versus multilateralism, 271272 static effects, 276278 transition economics, 302306 types of, 272275 United Kingdom (UK) and entering European Union (EU), 278 Regionalization, impetus for, 275 Regulatory policies, government, 99101 Reserve assets, official, 349 Reserve currency, SDRs replacing dollar as

worlds, 518519 Reserves, debt, and risk, 513533 Reserves, facilities for borrowing, 524526

General Arrangements to Borrow, 525 IMF drawings, 525 swap arrangements, 526 Reserves, international, 513517

exchange-rate flexibility, 514516 miscellaneous determinants, 516517 Retaliation, optimum tariff and, 134135 Retaliatory tariffs used for WTO enforcement,

198199 Revaluation, devaluation and, 467468 Revenue effect, 130 Revenue effect, domestic, 133 Revenue tariff, 112 Ricardo, David, 31, 34, 36, 69 Ricardo, flat world and, 84 Risk, 513533

country, 526 credit, 526 currency, 527 international lending, 526527 reserves, and debt, 513533 Risk analysis, country, 318319 Roosevelt, Franklin, 189 Russia and World Trade Organization (WTO),

Special drawing rights (SDRs), 349, 465, 518519,

524 Specialization

complete, 41 interindustry, 91 intra-industry, 91 partial, 52 Specific factors, 8182 Specific tariff, 113 Specific-factors theory, 81 Speculation, 397

Commercial Mexicana get burned by, 430 defined, 397 destabilizing, 398 foreign-exchange market, 397399 stabilizing, 398 Speculative attack, 480 Sporadic dumping, 170 Spot market, 377 Spot rate, relation between forward rate and,

388389 Spot transaction, 372 Spread, 374 Stabilizing speculation, 398 Standard of living, maintenance of domestic, 144 Static effects of economic integration, 275 Statistical discrepancy, 349350 Steel industry, competition in world, 25 Steel tariffs buy time for troubled industry,

138139 Stiglitz, Joseph, 253 Stocks, buffer, 242243 Stolper-Samuelson theorem, 7679 Strategic trade policy, 221223 Strike, outsourcing of Boeing 787 Dreamliner

triggers machinists, 60 Strike price, 380 Subsidies, 166170

R

Rate of exchange, equilibrium, 382383 Rates bid, 374 cross exchange, 377 exchange, 375 forward, 387388 offer, 374 Real exchange rates, 384 Real exchange-rate index, 385 Real interest rate, 418 Recession, trade protection and, 128129 Recession of 2007-2009, global, 1213 Reciprocal demand, theory of, 43 Reciprocal Trade Agreements Act, 190 Redistributive effect, 130 Region of mutually beneficial trade, 42 Regional integration versus multilateralism, 271272 Regional trading arrangements, 271308 Asia-Pacific Economic Cooperation (APEC), 302 dynamic effects, 278279 economic costs and benefits of common currency, 286292 effects of, 275279 European Monetary Union (EMU), 286292 European Union (EU), 280286 Free Trade Area of the Americas (FTAA), 300302 impetus for regionalization, 275 North American Free Trade Agreement (NAFTA), 292300

305306 Ruth, Babe, 44

S

Safe havens, 421 Safeguards (escape clause), 203206 Scale

economies of, 87 external economies of, 89 increasing returns to, 8789 Schedules, production possibilities, 3738 Schwinn to downshift, bicycle imports force,

1617 Scientific tariff, 145 Sea transport and freight regulations, 182183 Section 301 - protection against unfair trading

practices, 212213 Seigniorage, 491 Selective quota, 156 Service balance, goods and, 346 Settlements transactions, official, 348 Short-term exchange rates, determining, 415421 Skill as source of comparative advantage, 8587 Small-nation model, 127131 Smith, Adam, 31, 32 Smoot-Hawley Act, 188190 Social clause, 248 Social dumping, international labor standards and,

248 Social regulations, 180182 Soros, George, 430, 482 South Korean Steel Inc. (SKS), 171172 Sovereignty, national, 328329

of advanced nations, 240241 domestic production, 166169 export, 166, 169170, 283, 284286 government, 9899 protection against foreign export, 206207 Supply and demand view of protectionism,

149150 Surpluses, 354363

consumer, 125127 producer, 125127 Swap

arrangements, 526 currency, 372

T

Target exchange rates, 475 Tariff policies before 1930, U.S., 187188 Tariff rates effective, 115 nominal, 115 Tariff welfare effects, 125135 Tariff-rate quota, 161163 Tariffs, 111153 ad volorem, 113, 114 arguments for trade restrictions, 140150 avoidance, 120122 burdening exporters, 135138 compound, 113, 114115 concept, 112113 defined, 112 dodging import, 120122 effective rate of protection, 115117 effects, 124125

Copyright 2010 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.

Document info
Document views122
Page views122
Page last viewedFri Dec 09 17:37:25 UTC 2016
Pages46
Paragraphs2598
Words25948

Comments