Chapter

3.4. Fostering Global Trade*

From IntroductionToBusiness OP 8D04gAa

Concepts

1. How do governments use trade barriers to control international trade?

   "supercomputers and lasers, to be exported to countries that are not allies. Although this embargo costs U.S. firms billions of dollars each year in lost sales, it keeps enemies from using the latest

2. How do trade negotiations and the World Trade Organization foster global trade?

   "From our discussion so far, it might seem that governments act only to restrain global trade. On the contrary, governments and international financial organizations work hard to increase it, as this

3. How do the World Bank and International Monetary Fund foster global trade?

   "The World Bank and International Monetary Fund Two international financial organizations are instrumental in fostering global trade. The World Bank offers low-interest loans to developing nations. Or