Protectionism Doesn′t Pay 国际商务毕业论文翻译.doc
《Protectionism Doesn′t Pay 国际商务毕业论文翻译.doc》由会员分享,可在线阅读,更多相关《Protectionism Doesn′t Pay 国际商务毕业论文翻译.doc(4页珍藏版)》请在三一文库上搜索。
1、Protectionism Doesnt Pay The global financial crisis is no doubt a catalyst for trade protectionism. As the world economy deteriorates, some countries try to boost growth prospects by erecting trade barriers. China calls on these governments not to replay history and revert to protectionism and econ
2、omic isolationism.Previous global economic crises were usually accompanied by frequent trade disputes. The United States erection of large-scale tariffs in 1930, for example, triggered a retaliatory global trade war. During the two oil shocks in the 1970s and 1980s, trade frictions emerged when majo
3、r economies attempted to increase exports by depreciating their currencies. And in the wake of the 1997 Asian financial crisis, there was a notable uptick in antidumping actions, countervailing duties and other protectionist measures.The financial crisis is now spilling over into the real economy, h
4、itting sectors like manufacturing and services. In almost all countries, factories are closing and unemployment is rising, creating political pressure and social problems. More and more governments are strengthening intervention in their economies under the excuse of economic security and protecting
5、 vulnerable domestic industries to curb imports from other countries, especially those in emerging markets.Trade protectionism differs from legally acceptable measures to protect trade. It is an abuse of remedies provided by multilateral trade rules. This kind of protectionism is morphing into more
6、complex and disguised forms, ranging from conventional tariff and nontariff barriers to technical barriers to trade, industry standards and industry protectionism.With the economic crisis worsening, caution must be taken even in employing trade protection measures consistent with World Trade Organiz
7、ation rules. At the Group of 20 Financial Summit in November 2008, world leaders called for countries to resist trade protectionism and committed themselves to refraining from erecting new barriers to trade and investment, a message strongly echoed by the Asia-Pacific Economic Cooperation summit at
8、the end of last year, and the World Economic Forum held in Davos last month.History tells us that trade protection measures hurt not only other countries, but eventually the country that erected that trade barrier in the first place.To counter the Great Depression, the U.S. adopted the Smoot-Hawley
9、Act in 1930, which raised import duties of over 20,000 foreign products significantly and provoked protectionist retaliation from other countries. Faced with that crisis, other countries pursued beggar-thy-neighbor policies that slashed global trade volumes from $36 billion in 1929 to $12 billion in
10、 1932. Among the victims, not the least was the U.S. itself, where exports shrank from $5.2 billion in 1929 to $1.2 billion in 1932. Even in the U.S., the Smoot-Hawley Act was widely believed to be a catalyst that aggravated the effects of Great Depression.Global trade is now in dire straits. Thanks
11、 to shrinking external demand caused by the economic crisis, major trading countries have seen their export growth tumble or have suffered huge contractions. Germanys exports dropped 10.6% in November 2008, compared to the same period the prior year - the highest one-month drop since 1990. China als
12、o experienced negative export growth in November, and a 17.5% decline last month, when compared to the prior year. Protectionist policies would make things even worse and the consequences would be hard to predict.In the heat of the crisis, its critical that all countries refrain from pointing finger
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- Protectionism Doesnt Pay 国际商务毕业论文翻译 Doesn 国际 商务 毕业论文 翻译
链接地址:https://www.31doc.com/p-3903264.html