Details

Case

Educator Copy

ISSUES IN THE INTERNATIONAL TRADING SYSTEM

KIRMANI N


INDUSTRY : INTERNATIONAL TRADE

AREA : Business Government/International Economy

ORGANIZATION : SITARA CHEMICALS LTD

LENGTH : 14

LUMS No : 16-283-88-2

PUBLICATION YEAR : 1988

DESCRIPTION

KEYWORDS:

international trading system, industrial countries, trade, Open markets, Costs of protection


DESCRIPTION:

The international trading system has come under strain in recent years. The 1980s have witnessed a strong drift toward protectionism in industrial countries, though markets for manufactures in these countries remain relatively open. This has occurred against the background of the deceleration of growth of both world trade and output compared with earlier decades, as well as a further narrowing of the margin by which growth of trade has exceeded that of output.


LEARNING OBJECTIVES:

N/A


SUBJECTS COVERED:

BUSINESS GOVT/INTERNATIONAL ECONOMY