Chapter 6 Instruments of trade policies-1 国际贸易双语电子教案.pptVIP

Chapter 6 Instruments of Trade Policies Textbook P126; Chinese Version P291, P344 6.0 Introduction We have seen in the previous chapters that free trade maximizes world output and benefits all nations. However, practically all nations impose some restrictions on the free flow of international trade. Since these restrictions and regulations deal with the nation’s trade or commerce, they are generally known as trade or commercial policies. While trade restrictions are invariably rationalized in terms of national welfare, in reality they are usually advocated by those special groups in the nati