Competitive Economic Development of The Republic of Moldova
With this general framework in mind, this section has explained through various examples the circumstances in which economic theory would justify a temporary increase in trade barriers – even above the level of commitments in a trade agreement. These circumstances include when an import surge provid...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Lembaga Pendidikan Profesional Cendekia Hotel and Business School
2018-01-01
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| Series: | International Business and Accounting Research Journal |
| Subjects: | |
| Online Access: | http://ibarj.com/index.php/ibarj/article/view/38 |
| _version_ | 1818302323613499392 |
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| author | Perchinschi Natalia Gribincea Alexandr |
| author_facet | Perchinschi Natalia Gribincea Alexandr |
| author_sort | Perchinschi Natalia |
| collection | DOAJ |
| description | With this general framework in mind, this section has explained through various examples the circumstances in which economic theory would justify a temporary increase in trade barriers – even above the level of commitments in a trade agreement. These circumstances include when an import surge provides an argument for an increase in trade barriers as well as when a change in demand or supply or in policy leads to a sharp contraction for a particular sector and this, in turn, has a negative externality (like in the case of the one-company town). Another argument for trade policy intervention is when something alters the degree of competition in the market – for example, if a company indulges in predatory dumping. Other circumstances include developing countries providing support to infant industry, action to address balance of payment crises, and responding to a sharp increase in the world price of a product. In all these cases, the adoption of restrictive trade policy can be justified as a second-best option. |
| first_indexed | 2024-12-13T05:37:05Z |
| format | Article |
| id | doaj.art-680c43150ab24c64b96342fb26999c31 |
| institution | Directory Open Access Journal |
| issn | 2549-0303 |
| language | English |
| last_indexed | 2024-12-13T05:37:05Z |
| publishDate | 2018-01-01 |
| publisher | Lembaga Pendidikan Profesional Cendekia Hotel and Business School |
| record_format | Article |
| series | International Business and Accounting Research Journal |
| spelling | doaj.art-680c43150ab24c64b96342fb26999c312022-12-21T23:57:53ZengLembaga Pendidikan Profesional Cendekia Hotel and Business SchoolInternational Business and Accounting Research Journal2549-03032018-01-0121475110.15294/ibarj.v2i1.3822Competitive Economic Development of The Republic of MoldovaPerchinschi Natalia0Gribincea Alexandr1IEFS, MoldovaULIM,MoldovaWith this general framework in mind, this section has explained through various examples the circumstances in which economic theory would justify a temporary increase in trade barriers – even above the level of commitments in a trade agreement. These circumstances include when an import surge provides an argument for an increase in trade barriers as well as when a change in demand or supply or in policy leads to a sharp contraction for a particular sector and this, in turn, has a negative externality (like in the case of the one-company town). Another argument for trade policy intervention is when something alters the degree of competition in the market – for example, if a company indulges in predatory dumping. Other circumstances include developing countries providing support to infant industry, action to address balance of payment crises, and responding to a sharp increase in the world price of a product. In all these cases, the adoption of restrictive trade policy can be justified as a second-best option.http://ibarj.com/index.php/ibarj/article/view/38economic development, economic crisis, competitive, innovative policy, strategy innovation |
| spellingShingle | Perchinschi Natalia Gribincea Alexandr Competitive Economic Development of The Republic of Moldova International Business and Accounting Research Journal economic development, economic crisis, competitive, innovative policy, strategy innovation |
| title | Competitive Economic Development of The Republic of Moldova |
| title_full | Competitive Economic Development of The Republic of Moldova |
| title_fullStr | Competitive Economic Development of The Republic of Moldova |
| title_full_unstemmed | Competitive Economic Development of The Republic of Moldova |
| title_short | Competitive Economic Development of The Republic of Moldova |
| title_sort | competitive economic development of the republic of moldova |
| topic | economic development, economic crisis, competitive, innovative policy, strategy innovation |
| url | http://ibarj.com/index.php/ibarj/article/view/38 |
| work_keys_str_mv | AT perchinschinatalia competitiveeconomicdevelopmentoftherepublicofmoldova AT gribinceaalexandr competitiveeconomicdevelopmentoftherepublicofmoldova |