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Unformatted text preview: 9-14-09 Trade Barriers o Government Barriers o Tariffs Non tariff business Private barriers Government Policy o Inward orientation Import Substitution Government likes to support domestic companys. Imports are preferred to be k out. o - Outward Orientation Is not the same as a free market Costs of Protectionism Free trade vs. Fair Trade WTO (world Trade organization) Monitors trade systems. Looks at disputes between countries o Ex. Beef products and - MFN ( Most favored Nation) Ntr ( Normal trade relations) GST (generalized system of Preferences 4 / q y o (Chacbol/keiretsu) Cooperative business groups - Bilateral negotiation -> Multilateral ...
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