Trade
in sentence
11085 examples of Trade in a sentence
Given the likelihood of additional
trade
protectionism and measures to remove immigrant workers, the increase in inflation and long-term interest rates could be quite dramatic.
Fourth, the combination of a dollar squeeze and protectionism spells big trouble for developing countries, with the possible exception of some relatively closed economies such as Brazil, Russia, and India, whose development strategies are less reliant on free
trade
and foreign financing.
The initiative should also encourage free movement of goods and people within the region, by lifting the customs restrictions and complicated procedures that hinder bilateral and multilateral
trade.
Free
Trade
and Costly LoveLONDON – The World
Trade
Organization’s ministerial conference in Bali in December produced a modest package of encouragements to global
trade.
More broadly, the WTO’s multilateral approach has shown its worth by preventing a massive increase in
trade
barriers, unlike in 1929-1930, when protectionism helped deepen and broaden the Great Depression.
The essence of globalization – free
trade
– rests on the theory of comparative advantage, which views international
trade
as profitable even for a country that can produce every commodity more cheaply (in terms of labor or all resources) than any other country.
Free trade, he said, works fine with unchanging technology.
But if countries like China can combine Western technology with low wages, then
trade
with China will lower Western wages.
The argument for free
trade
is an argument for welfare, but welfare defined exclusively in terms of money.
As Wolfers explains,“The principle of comparative advantage tells us that gains from
trade
are largest when your trading partner has skills and endowments that are quite different from yours.
When your skills are so similar, the gains from
trade
aren’t so large.
They see little reason to believe that current asset values and
trade
flows are not sustainable.
Moreover, the annual interest charged on the extra $1 trillion per year that Americans borrow from the rest of the world is about $50 billion – just one-eighth of annual economic growth, while the
trade
deficit is financed out of the growth of the value of capital.
The counterargument hinges on the difference between the current-account deficit and the
trade
deficit.
The current-account deficit is equal to the
trade
deficit plus the cost of servicing the net international asset position: the net rent, interest, and dividends owed to foreigners who have invested their capital in the US.
Thus, in order to keep the current-account deficit stable, the
trade
deficit must shrink.
And the only way for the
trade
deficit to shrink substantially is for net imports to fall, which requires either a relatively sharp decline in the value of the dollar, thereby raising import prices, or a depression in the US.
The recently revived Central European Free
Trade
Agreement (CEFTA) is meant to be the main regional engine for
trade
and business generally, and will adhere both to WTO rules and the parties’ obligations towards the EU.
They would run down their
trade
surpluses and, in some cases, allow their currencies to appreciate.
Thus, they would minimize the deterioration in their
trade
surpluses, maintain competitive exchange rates, and safeguard their foreign reserves and net-creditor positions.
Membership would require Ukraine to double import tariffs on EU goods, at an annual cost equivalent to 4% of GDP; and it would not even guarantee free
trade
among its members (Russia already applies
trade
sanctions against Belarus and Kazakhstan).
Many are fed up with the arbitrary imposition of
trade
barriers – affecting goods ranging from chocolate to steel pipes – in their former Soviet markets.
Russia’s brief
trade
war in August frightened Yanukovych into pledging to fulfill all 11 of the EU’s legal and political conditions.
In the 1996 presidential campaign, resentments and exaggerations of import competition surfaced in economic nationalism, espoused by Pat Buchanan and Ross Perot on the right and
trade
union leaders on the left.
President Clinton remains committed to the internationalist
trade
policies of his first term (NAFTA, GATT), combined with bilateral negotiations to "open foreign markets."
These trends are remarkable in light of the shocks from the surge in oil prices, the wars in Afghanistan and Iraq, international terrorism, and the breakdown of multilateral
trade
negotiations.
(To be sure, in the medium or long run, monetary expansion can facilitate increased domestic production and trade, thereby generating positive spillover effects.)
True, Dutch
trade
unions have moderated wage demands.
Trade
data tell the story: after increasing by about 7% annually in the decade before 2008, world
trade
fell faster than global GDP in 2009 (and more sharply than during the Great Depression).
Once the brief stimulus-fueled recovery faded, growth in world
trade
again slowed quickly, falling to 2% year on year over the past 18 months.
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