Government influence on the global market
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The government has a huge impact on the worldy trade. The federal governemnt has an agence called the U.S. Customs Office which keeps track of the amount of goods going in and out of our country. They do this by using things such as quotas, tariffs, or embargoes to protect domestic businesses.

There are 3 main ideas to the government being involved in worldy trade. They are law restricting trade, Trade alliances, and Trade agreements.

The three expamples above are the ways to Restrict trade (see definition of each on the "terms" page).

Trade alliances is formed with an economic community to get resources and products spread among the members of these communties. The European Union is the largest communtiy yet (picture below of the European Union).

Trade agreement are another way to increase trade. This is when two economies come to agreements on things such as lowering taxes, tariffs, and other barriers to world trade.


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