This topic examines the various causes of countries' trade patterns, and what benefits might flow from international trade. The consequences of a range of government interventions in trade, including export promotion and tariff and quantitative measures to restrict imports, are explored. The development of the World Trade Organisation and its code of conduct for national trade policies are described. Current examples of discriminatory free trade agreements and their economic consequences are discussed. Reference to current trade policy issues affecting Australia will be made throughout the topic.
This topic aims to provide students with skills relevant to an understanding of the causes and effects of both inter-industry and intra-industry trade, and to the assessment of the various forms of government intervention in trade, including export promotion, tariffs and non-tariff barriers to imports and discriminatory regional trade agreements. The development of the World Trade Organisation and its code of conduct for national trade policies will be discussed. Reference to current trade policy issues affecting Australia will be made throughout the topic.
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