Fiscal Measures

Fiscal Measures The two wins of , fiscal policy arc government revenues and govcn -uucnt expenditure. The government’s Ii. cal polic v can contribute to the control of inflatic neither hy reducing private spending by in rea ill)! the taxe ,1 private ector or by...

Appraisal

Appraisal After World War II, policymakers around the world believed firmly that free trade was essential for world prosperity. These convictions translated into several successful ‘:’agreements to lower tariffs, as Figure 15-10 shows, The free-trade...

Regional Approaches

Regional Approaches Over the last few years, governments have taken a number of steps to promote free trade or to broaden regional markets. Among the most important were the following: • The most controversial proposal for lowering trade barriers was the North...

Multilateral Agreements

Multilateral Agreements One of the most success full multilateral agreements was the General Agreement on Tariffs and Trade (GATT), which became the World Trade Organization (WTO) at the beginning of 1995. Their charters speak of raising living standards through...