Trade as a stimulus for recovery

Pascal Lamy from the WTO has given a strong defence of the impact that trade can has as a stimulus for broader global economic recovery.

http://www.tutor2u.net/blog/index.php/economics/comments/trade-as-a-stimulus-for-recovery/

Where do we export to?

A great graphic from the Guardian answers this question.

http://image.guardian.co.uk/sys-files/Guardian/documents/2010/02/24/UKExports.pdf

Protectionism is increasing

Protectionism is back. Perhaps the biggest surprise about this week's developing spat between USA and China over tyres, cars and chicken meat is that it didn't kick off even earlier in the global recession.

http://pajholden4u.blogspot.com/2009/09/protect-now-suffer-later.html

http://news.bbc.co.uk/2/hi/business/8253365.stm

China to put duties on US chicken imports

China is to enforce anti-dumping duties on US chicken imports, accusing American poultry firms of exporting the meat at unfairly low prices.

http://news.bbc.co.uk/1/hi/business/8500016.stm

Affect of an appreciation in the currency on an economy

Refer to essay 12: Discuss the impact on the EU economy of a rise in the value of the Euro against its main trading partners.

http://portal.kings-ely.cambs.sch.uk/Senior%20School/Departments/Economics/Pupils/Document%20Library/Year%2012%20Economics/AS%20Econohelp%20macro%20essays/AS%20Macro%20essays%20%202009.pdf

Balance of Payments (international trade)

Useful blog articles which look at the Balance of Payments:

http://rapidrevision.co.uk/economics-student/2009/04/30/balance-of-payments/

Causes of a current account deficit:

http://rapidrevision.co.uk/economics-student/2009/05/05/the-causes-of-a-current-account-deficit/

Policies to improve a current account deficit:

http://rapidrevision.co.uk/economics-student/2009/05/06/policies-to-improve-a-current-account-deficit/

Will the US stimulus package trigger a trade war?

Video clip - Peter Marshall investigates if the US Congress's Buy American clause is just a patriotic slogan for old-fashioned protectionism.

http://news.bbc.co.uk/1/hi/programmes/newsnight/7869525.stm

Video clip - The European Union and Canada have responded angrily to the 'Buy American' clause in President Obama's $825bn economic stimulus package. They claim it could lead to protectionist trade practices and help spark a new trade war.

http://news.bbc.co.uk/1/hi/world/americas/7868646.stm

China's exports in sharp decline

Chinese exports plunged by more than a quarter in February from a year ago as the world's third-largest economy was hit by a drop in demand for its goods
http://news.bbc.co.uk/1/hi/business/7936528.stm

Video clip - Ghost factory sign of China's slump in exports
http://news.bbc.co.uk/1/hi/business/7921786.stm

Presentation on UK's Balance of Payments

A look at the UK's international trade over the past decade.

http://tutor2u.net/economics/presentations/ukbofp2006/default.html

Presentation on International Trade

http://www.tutor2u.net/economics/presentations/aseconomics/macro/InternationalTrade/default.html

Surprise fall in UK's trade gap

The UK's deficit on trade in goods with the rest of the world fell to an 18-month low in December.
http://news.bbc.co.uk/1/hi/business/7880829.stm

Mindmap on International trade

http://mindomo.com/view.htm?m=bc07fc360da249faa868ddde3dd8f64d

Fall in the UK's balance of trade deficit

The UK's balance of trade deficit (the difference between exports and imports of goods) has reduced.
http://news.bbc.co.uk/1/hi/business/7880829.stm

Notes on Exchange rates

tutor2u notes
http://tutor2u.net/economics/revision-notes/as-macro-exchange-rates.html

10 misunderstandings about the WTO

Is it a dictatorial tool of the rich and powerful? Does it destroy jobs? Does it ignore the concerns of health, the environment and development?
Emphatically no. Criticisms of the WTO are often based on fundamental misunderstandings of the way the WTO works.
http://www.wto.org/english/thewto_e/whatis_e/10mis_e/10m00_e.htm

World Trade Organisation

The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to help producers of goods and services, exporters, and importers conduct their business.
http://www.wto.org/english/thewto_e/whatis_e/whatis_e.htm

s-cool notes on International trade

Some great notes on 'Why trade?'
http://s-cool.co.uk/alevel/economics/why-trade.html

10 benefits of free trade from the WTO

From the money in our pockets and the goods and services that we use, to a more peaceful world — the WTO and the trading system offer a range of benefits, some well-known, others not so obvious.
http://www.wto.org/english/thewto_e/whatis_e/10ben_e/10b00_e.htm

Anger over US protectionist measures

The European Union and Canada have responded angrily to the 'Buy American' clause in President Obama's $825bn economic stimulus package.
They claim it could lead to protectionist trade practices and help spark a new trade war.
http://news.bbc.co.uk/1/hi/world/americas/7868646.stm

Youtube on Current account deficits and exchange rates

http://www.youtube.com/watch?v=yCjwXz7ZXwU&feature=related