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Government Intervention in Trade Explained by Urstruly Chakri is a document available to read on EtoBox.
Governments intervene in international trade for both economic and noneconomic reasons. Economic rationales include protecting domestic industries and jobs, while noneconomic reasons involve national security or political influence. Governments use tariffs and nontariff barriers to restrict imports and promote exports. However, extensive intervention can also harm trade and domestic consumers through higher prices and reduced competition.
- Author
- Urstruly Chakri
- Language
- EN