Enhance Your Learning with Trade Wars and Protectionism Flash Cards for quick learning
Economic conflicts between nations characterized by the imposition of tariffs, trade barriers, and other protectionist measures to restrict imports and promote domestic industries.
The economic policy of shielding domestic industries from foreign competition through the use of tariffs, quotas, subsidies, and other trade barriers.
Taxes imposed on imported goods, making them more expensive and less competitive in the domestic market.
Restrictions on trade other than tariffs, such as quotas, embargoes, licensing requirements, and technical barriers to trade.
Legal rights that protect creations of the mind, such as inventions, literary and artistic works, trademarks, and trade secrets, from unauthorized use and exploitation.
Goods produced through farming activities, including crops, livestock, and fisheries, which are often subject to trade restrictions and subsidies in trade wars.
The application of scientific knowledge and skills for practical purposes, including the development and use of machinery, tools, and systems, which can be a source of conflict in trade wars.
Economies of developing countries that are experiencing rapid growth and industrialization, often becoming targets or participants in trade wars.
The deliberate action of a government or central bank to artificially alter the value of its currency to gain an unfair advantage in international trade.
A situation in which a country imports more goods and services than it exports, resulting in a negative balance of trade, which can be a contentious issue in trade wars.
Bilateral or multilateral agreements between countries that establish terms and conditions for trade, including tariff reductions, market access, and dispute resolution mechanisms.
The process of increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and ideas, which can be both a driver and a casualty of trade wars.
The sustained increase in living standards, economic productivity, and technological advancement of a country, which can be affected by trade wars.
The cost of goods and services paid by consumers, which can be influenced by trade wars through changes in import prices and availability of certain products.
The state of having paid work, which can be impacted by trade wars through changes in industries, job losses, and shifts in labor markets.
Privately owned enterprises with fewer employees and lower revenue compared to larger corporations, which can be disproportionately affected by trade wars due to limited resources and market access.
Large companies that operate in multiple countries, often with significant global market share, which can be involved in trade wars through supply chains, market access, and intellectual property disputes.
The effect of human activities on the natural environment, including pollution, resource depletion, and climate change, which can be influenced by trade wars through changes in production and consumption patterns.
The study of interactions between countries, including diplomacy, alliances, conflicts, and cooperation, which can be shaped by trade wars and their geopolitical implications.
The practice of conducting negotiations and maintaining relations between countries, which plays a crucial role in resolving trade disputes and preventing escalation into trade wars.
The study of the influence of geography, economics, and politics on international relations and the balance of power among nations, which can be affected by trade wars.
Groups of countries that form economic unions and trade agreements to promote regional integration and cooperation, which can be impacted by trade wars and their effects on global trade flows.
An international organization that deals with the global rules of trade between nations, providing a forum for negotiations, dispute settlement, and monitoring of trade policies, including those related to trade wars.
The policy of allowing goods and services to be traded without restrictions or barriers, which can be undermined by trade wars and protectionist measures.
The act of responding to an action or attack with a similar or equivalent countermeasure, often seen in trade wars as countries impose retaliatory tariffs or trade restrictions.
The process of discussing and reaching agreements between parties with conflicting interests, which is crucial in resolving trade disputes and de-escalating trade wars.
Conflicts or disagreements between countries regarding trade policies, practices, or specific trade issues, which can escalate into trade wars if not resolved through negotiations or dispute settlement mechanisms.
Coercive measures imposed by one country or a group of countries against another country to restrict trade and economic relations, often used as a tool in trade wars and geopolitical conflicts.
The system and rules governing international economic relations, including trade, finance, and investment, which can be disrupted or reshaped by trade wars.
The international network of activities involved in the production and distribution of goods and services, which can be affected by trade wars through disruptions in supply chains and changes in trade flows.
Legal measures taken by governments to protect domestic industries from unfair trade practices, such as anti-dumping duties, countervailing duties, and safeguard measures, which can be utilized in trade wars.
The process of reducing trade barriers and promoting free trade through the removal or reduction of tariffs, quotas, and other restrictions, which can be hindered by trade wars and protectionist measures.
The ability of a country or region to produce goods or services at a lower opportunity cost than other countries or regions, which is a fundamental concept in international trade and can be impacted by trade wars.
A political ideology that prioritizes the interests of a nation's economy and industries, often advocating for protectionist measures and self-sufficiency, which can contribute to the rise of trade wars.
Collaborative efforts between countries to address common challenges and pursue shared goals, which is essential in managing trade wars and maintaining a stable global economic order.
The outcomes and effects of economic events or policies, which can be far-reaching and diverse in the context of trade wars, impacting industries, markets, and overall economic growth.
The system of rules, institutions, and agreements that regulate and facilitate international trade, which can be tested and reshaped by trade wars and the changing dynamics of global trade.
A set of rules, regulations, and measures implemented by governments to manage and promote international trade, which can be subject to revision and adjustment in response to trade wars.
The difference between the value of a country's exports and the value of its imports, which can be a contentious issue in trade wars and a focus of trade policy discussions.
A situation in which a country's imports significantly exceed its exports or vice versa, resulting in trade deficits or surpluses, which can be a source of tension in trade wars.
The movement of goods, services, and capital across borders, which can be disrupted or redirected by trade wars, impacting supply chains, market access, and economic integration.
Pathways or corridors used for the transportation of goods and services between countries or regions, which can be affected by trade wars and changes in trade patterns.