Free Trade or Protection: A Literature Review on Trade Barriers
Jing Ma, Yuduo Lu
Abstract
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Jing Ma, Yuduo Lu
Abstract
Open-access reader
The purpose of this paper is to, firstly explain the reason of international trade according to recent theories; secondly, collect several sorts of opinions about free trade and protectionism referring to relevant literatures; thirdly describe export barriers in different aspects, such as natural barriers and artificial barriers; lastly from trade regulation perspective introduce WTO as a tool of promoting international trade.
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The purpose of this paper is to, firstly explain the reason of international trade according to recent theories; secondly, collect several sorts of opinions about free trade and protectionism referring to relevant literatures; thirdly describe export barriers in different aspects, such as natural barriers and artificial barriers; lastly from trade regulation perspective introduce WTO as a tool of promoting international trade.
Key concepts: International trade, Economics, Trade barrier, Free trade, International economics, Business