Explore the concept of Import Substitution Industrialization (ISI), its historical application in developing economies, and its theoretical framework.
Dive deep into the Smoot-Hawley Tariff Act of 1930, its impact on the Great Depression, and why it’s considered one of the worst economic decisions in U.S. history.
Explore the nuances of the Infant-Industry Theory, its historical background, and its implications for developing economies needing protection in global markets.
Explore the definition, types, and effects of nontariff barriers in international trade and how they influence global economic dynamics.
Explore the definition, reasons, and impacts of tariffs, and how these trade taxes affect global economics, domestic markets, and international relations.
Explore the essentials of the USMCA, the trade agreement between the U.S., Canada, and Mexico that replaced NAFTA in 2020. Discover its impact, provisions, and timeline.
Explore the concept of Protectionism, its mechanisms like tariffs and quotas, and its impact on global trade and domestic economies.
