An economic policy aimed at benefiting one country at the expense of others, often through measures like tariffs, quotas, or currency devaluation. Known as 'beggar-thy-neighbour' as well.
The Central European Free Trade Agreement (CEFTA 2006) aims to promote trade and investment in the Western Balkans through predictable rules and the elimination of trade barriers. Current signatories include Albania, Bosnia and Herzegovina, Croatia, Macedonia, Moldova, Montenegro, Serbia, and UNMIK/Kosovo.
An in-depth exploration of Free Trade Agreements (FTAs), including their historical context, types, key events, importance, applicability, examples, related terms, comparisons, and more.
The General Agreement on Tariffs and Trade (GATT) was a legal agreement aimed at promoting international trade by reducing or eliminating trade barriers such as tariffs or quotas. Established in 1948, it laid the groundwork for the World Trade Organization (WTO) and played a crucial role in the global economic system.
Comprehensive overview of non-tariff barriers, including types, key events, regulations, and examples, along with charts, famous quotes, and FAQs.
Non-Tariff Barriers (NTBs) are various forms of trade restrictions that do not involve tariffs, aiming to impose limitations or controls on imports and exports to protect domestic industries or achieve other policy objectives.
Sanctions are penalties or restrictive measures imposed by governments or international bodies to compel compliance or deter undesirable behavior, including tariffs, trade barriers, and financial restrictions.
An in-depth exploration of sheltered monopolies, their historical context, types, key events, models, importance, and real-world examples.
A comprehensive overview of Technical Barriers to Trade (TBT), including historical context, types, key events, explanations, importance, examples, considerations, and more.
The Tokyo Round was a significant round of international trade negotiations under the General Agreement on Tariffs and Trade (GATT) held between 1973 and 1979, aimed at reducing tariffs and addressing various trade barriers.
An in-depth exploration of trading blocs, their mechanisms, advantages, disadvantages, types, and historical context.
A closed economy is a self-sufficient economic system that does not engage in international trade. This article explores the concept, characteristics, and reasons why such economies do not exist in the modern world.
A comprehensive overview of economic integration, its different types, historical context, and real-world examples to illustrate its application and importance.
An in-depth look at free trade areas, their formation, benefits, disadvantages, and real-world examples.
