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The Folly of Free Trade, DANH SÁCH NHÓM: - Coggle Diagram
The Folly of Free Trade
underlying Myths of Free Trade
Low-cost goods are efficiently produced goods.
Exchange rate adjustments automatically keep foreign trade in balance
US companies can become competitive through cost cutting.
U.S. companies can become competitive through cost cutting
Exchange rate adjustments automatically keep foreign trade in balance.
Comparative advantage governs international trade.
Low-cost goods are efficiently produced goods.
The change to a global economy is inevitable and desirable.
A Realistic Trade Policy
The United States will put limitations on foreign imports to balance America's trade.
The United States will put limitations on foreign imports to balance America's trade.
Threats of Free Trade
Wage Competition Among Nations
Interruption of the relationship between demand and supply (Demand & Markets)
Unequal National Competition
Most governments use their myriad powers (subsidies, favorable banking practices, local content requirements, exchange control) to win jobs and gain higher incomes for their people or to achieve a favorable national balance of payments.
Taiwan often fails to enforce its patent and copyright laws
Most of the Pacific rim nations have weak or nonexistent environmental regulations
European nations have special treatment for the value-added tax on exported goods.
Japan grants favorable credit terms to certain industries
DANH SÁCH NHÓM:
Nguyễn Văn Phong
Đặng Thị Thanh Trúc
Nguyễn Thị Mỹ Phương
Nguyễn Thanh Nam
Nguyễn Thị Hồng Nhạn
Nguyễn Thị Cẩm Nhung