Trade
in sentence
11085 examples of Trade in a sentence
But, whereas fiscal stimulus boosts growth at home and abroad, enabling mutual reinforcement through world trade, monetary policy is guided primarily by domestic goals, and, in the short term, one country’s gain can be another’s loss.
The illicit drug
trade
will continue as long as there is demand for drugs.
Instead of sticking to failed policies that do not reduce the profitability of the drug
trade
– and thus its power – we must redirect our efforts to the harm caused by drugs to people and societies, and to reducing consumption.
Moreover, most of the damage associated with marijuana use – from the indiscriminate incarceration of consumers to the violence and corruption associated with the drug
trade
– is the result of current prohibitionist policies.
Obviously, it requires that governments renounce direct restrictions on
trade
and capital flows.
But it also requires that they harmonize their domestic rules and regulations – such as product-safety standards and bank regulations – with those of other member states in order to ensure they do not act as indirect
trade
barriers.
A Progressive Logic of TradeCAMBRIDGE – The global
trade
regime has never been very popular in the United States.
Neither the World
Trade
Organization nor the multitudes of regional
trade
deals such as the North American Free
Trade
Agreement (NAFTA) and the Trans-Pacific Partnership (TPP) have had strong support among the general public.
The difference today is that international
trade
has moved to the center of the political debate.
The US presidential candidates Bernie Sanders and Donald Trump have both made opposition to
trade
agreements a key plank of their campaigns.
The populist rhetoric on
trade
may be excessive, but few deny any longer that the underlying grievances are real.
What gives
trade
particular political salience is that it often raises fairness concerns in ways that the other major contributor to inequality – technology – does not.
Sanders has forcefully advocated the renegotiation of
trade
agreements to reflect better the interests of working people.
But such arguments immediately run up against the objection that any standstill or reversal on
trade
agreements would harm the world’s poorest, by diminishing their prospect of escaping poverty through export-led growth.
But
trade
rules that are more sensitive to social and equity concerns in the advanced countries are not inherently in conflict with economic growth in poor countries.
Globalization’s cheerleaders do considerable damage to their cause by framing the issue as a stark choice between existing
trade
arrangements and the persistence of global poverty.
First, the standard narrative about how
trade
has benefited developing economies omits a crucial feature of their experience.
Countries that managed to leverage globalization, such as China and Vietnam, employed a mixed strategy of export promotion and a variety of policies that violate current
trade
rules.
Countries that rely on free
trade
alone (Mexico comes immediately to mind) have languished.
That is why
trade
agreements that tighten the rules are in fact mixed blessings for developing countries.
But to do so, we must transform our approach to
trade
deals in some drastic ways.
The world’s
trade
regime is currently driven by a peculiarly mercantilist logic: You lower your barriers in return for me lowering mine.
This approach has been remarkably successful in promoting
trade
expansion, but it has little economic justification.
For example, the “safeguards” clause of the WTO could be broadened to allow the imposition of
trade
restrictions (subject to procedural disciplines) in instances where imports demonstrably conflict with domestic social norms.
Similarly,
trade
agreements could incorporate a “development box” to provide poor countries with the autonomy they need to pursue economic diversification.
With sufficient institutional imagination, the global
trade
regime can be reformed to the benefit of both.
Rapid export growth, together with a drop in imports, enabled Spain to halve its
trade
deficit last year.
America’s Free-Trade AbdicationNEW YORK – The indifference and apathy that one finds in Washington from both the Congress and President Barack Obama on the Doha Round of world
trade
talks, and the alarm and concern expressed by statesmen elsewhere over the languishing negotiations, mark the end of the post-1945 era of American leadership on multilateral free
trade.
Goal 8 is about instruments such as
trade
and aid, and MDG 8A commits the UN member nations to “[d]evelop further an open, rule-based, predictable, non-discriminatory trading and financial system.”
These were highlighted in an “Open Letter to Obama” that I organized and released, over the signatures of nearly 50 of today’s most influential
trade
experts worldwide, urging a presidential shift in policy towards Doha.
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