All Subjects

Business

International Business

International Trade Barriers

Economics

Trade barriers are government-induced restrictions on international trade, which generally decrease overall economic efficiency.

Ethical Barriers

Despite international trading laws and declarations, countries continue to face challenges around ethical trading and business practices.

Cultural Barriers

It is typically more difficult to do business in a foreign country than in one's home country due to cultural barriers.

Technological Barriers

Standards-related trade measures, known in WTO parlance as technical barriers to trade play a critical role in shaping global trade.

The Argument for Barriers

Some argue that imports from countries with low wages has put downward pressure on the wages of Americans and therefore we should have trade barriers.

The Argument Against Barriers

Economists generally agree that trade barriers are detrimental and decrease overall economic efficiency.