Trade imbalance Occur when you buy more stuff from someone than the buy from

Trade imbalance occur when you buy more stuff from

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Trade imbalance Occur when you buy more stuff from someone than the buy from youoNegative trade balanceYou buy more than they buy from youoPositive trade balanceYou buy less than they buy from youTrade between US and JapanRelationship is negative for USoBuys tons of vehicles, video games, anime but Japan doesn’t buy much from US because their stuff is better ( US has negative with Japan)oChina has positive with almost everybodyBuy raw commodities Not nearly as much oDumping Occurs if a country has a surplus of something it makesAccidently have too much and can’t sell anywhereTake it somewhere else and dump it, sell it super cheap but it pisses off those countries oWTO – World Trade OrganizationNot really trade blockMore of a regulatory institution153 members out of 193 countries Making sure everyone is following rulesRules approach dumping and illegal tariffs Oversees trade and handles conflict Most outstanding complaint cases of WTOoUSGrown exponentially in last few decades
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  • Fall '08
  • JDBOYER
  • International Trade, supranationalist orgs, major supranationalist orgs, New non-western orgs

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