Sentences with phrase «standard trade theory»

Standard trade theory indicates that by unilaterally introducing tariffs, a large country not only limits its imports from the rest of the world but also reduces the price of its imports relative to their exports, thereby benefiting from an improvement in its terms - of - trade.

This argument, which seems more ideological than empirical, is based on standard trade theory in which there is an implicit assumption that any intervention will drive trade performance away from its optimum, so that the United States always gains from the further opening up of its own market, even if trade partners don't reciprocate.

Not exact matches

Last but by no means least, standard economic theory predicts that increased trade will grow the economy but hurt some specific social classes.

Considerations such as animal welfare standards have been trumped by seemingly more important economic theories about free trade.

On the other hand, such baseless conspiracy theories are a standard part of the irrational discussions that are the stock in trade of the denialist disinformation site WUWT.