Abstract
No AccessSep 2011Reexamining Trade PolicyAuthors/Editors: Raj NallariRaj NallariSearch for more papers by this authorhttps://doi.org/10.1596/9780821387856_CH30AboutView ChaptersPDF (0.2 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:Emphasizes that undervaluation of exchange rates gives a country comparative or perhaps even absolute advantage relative to its trading partners, especially for products that rely on abundant, cheap labor. Several countries that are embarking on production-sharing, export diversification and upgrading their production base have a large pool of cheap and skilled labor (such as China, India, and several emerging countries) with capabilities from production to marketing. Trade is handled increasingly by large, multinational corporations, and that makes it difficult for smaller firms in a particular sector engaging directly in international trade. The recent global crisis has revealed that production and trade is now handled by extensive global supply chains, in which components (particularly durable goods) are made and traded a number of times before the final good is assembled and produced. These global chains need trade finance for longer periods of time before they can be repaid for their value added. Previous chapterNext chapter FiguresreferencesRecommendeddetails View Published: September 2011ISBN: 978-0-8213-8785-6e-ISBN: 978-0-8213-8786-3 Copyright & Permissions Related RegionsEast Asia & PacificRelated CountriesIndonesiaKorea, Republic ofPhilippinesRelated TopicsFinance and Financial Sector DevelopmentInternational Economics & TradeMacroeconomics and Economic GrowthPrivate Sector Development KeywordsANTIDUMPINGANTIDUMPING DUTIESBUSINESS ENVIRONMENTCOMPARATIVE ADVANTAGEDEVALUATION OF CURRENCYEXPORT PRICEEXPORT PRICESEXPORTERSEXPORTSFINANCIAL CRISISFOREIGN EXCHANGEFOREIGN FIRMSFOREIGN PROFITSFREE TRADEGLOBALIZATIONINDUSTRIAL POLICIESQUANTITATIVE RESTRICTIONSTECHNOLOGY TRANSFERTERMS OF TRADETRADE FACILITATIONTRADE FINANCETRADE IMBALANCESTRADE POLICIESTRADE POLICYTRANSFER TECHNOLOGY PDF DownloadLoading ...
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