Trade
in sentence
11085 examples of Trade in a sentence
The economics of
trade
and finance that form the TPP’s foundations are rather simple, and have been known since the British political economist David Ricardo described them in the nineteenth century.
By enabling countries to make the most of their comparative advantages, the liberalization of
trade
and investment provides net economic benefits, although it may hurt particular groups that previously benefitted from tariff protections.
But the politics of
trade
liberalization – that is, the way in which countries proceed to accept free
trade
– is much more complex, largely because of those particular groups it hurts.
For them, the overall economic benefits of
trade
liberalization matter little, if their own narrow interests are being undercut.
Even if these groups are relatively small, the discipline and unity with which they fight
trade
liberalization can amplify their political influence considerably – especially if a powerful political figure takes up their cause.
Former Secretary of State Hillary Clinton undoubtedly understands the economics of the TPP, which she once called the “gold standard” in
trade
agreements.
The reason is apparent: she has judged that she cannot afford to lose the support of American
trade
unions such as the United Automobile Workers, whose members fear a reduction in tariffs on car and trucks.
But the increased
trade
and investment flows brought about by the TPP’s ratification and implementation will benefit even the countries that must make larger sacrifices.
Nonetheless, Bhagwati maintains, when it comes to overall
trade
and capital movements, freer is better.
This would, to some extent, be in line with the TPP negotiation process, in which the political challenges associated with
trade
liberalization have been handled remarkably well.
On the contrary,
trade
representatives had to display impressive endurance and patience – for more than five years, for some countries.
In our new book, Going Beyond Aid: Development Cooperation for Structural Transformation, we argue that official development aid (ODA) need not always be concessional, and make the case for going “beyond aid,” toward a broader approach – like that taken by China – that includes
trade
and investment.
By combining aid with
trade
and investment, donor and recipient countries alike can benefit.
This allows the SSDC to avoid the bottlenecks in partner countries that one sees under the standard ODA model, which separates aid from
trade
and private investment – and thus impedes countries from exploiting their comparative advantages.
The world lurches towards a currency war, or even towards
trade
protectionism, threatening to destroy jobs and growth.
So its
trade
surplus continues to soar at the expense of other countries.
Is there any way to coax the IMF’s largest members, especially the United States and China, to help diffuse the risks posed by the world’s massive
trade
imbalances?
This year, the US will borrow roughly $800 billion to finance its
trade
deficit.
The recent catastrophic collapse of global
trade
talks is not an encouraging harbinger.
The same proposed policies for closing global
trade
imbalances also, by and large, help address each country’s domestic economic concerns.
Let’s hope that on this occasion in international diplomacy, the only thing that disappears are the massive global
trade
imbalances, and not the leaders and institutions that are supposed to deal with them.
As the US economy becomes more open to international
trade
and capital movements, the dollar’s value matters more because of its effect on inflation and on domestic financial conditions.
Economic models told us that freer
trade
and immigration would increase global economic efficiency and per capita income.
It suffers from the fact that most of its population lives in the rural interior, without paved roads to reach ports and facilitate access to international
trade.
But populist calls for nationalist policies, including
trade
protectionism, have intensified those headwinds considerably.
In contrast, Trump’s promise to dismantle
trade
deals has received very little pushback.
On the contrary, opposition to
trade
is shared in the trendy neighborhoods of New York, Berlin, and Paris.
But cost-benefit analysis shows that freer
trade
is the single most powerful way to help the world’s poorest citizens.
And we must shout from the rooftops that free
trade
is the most effective conceivable anti-poverty policy.
Trump genuinely wants to confront China and other countries with a potential
trade
war, ignoring completely the impact on the US (where exports account for around 14% of total economic activity).
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