ECONOMIC BARRIERS TO TRADE
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Title: ECONOMIC BARRIERS TO TRADE

Essay Details:

Subject: Social Issues
Author: Mary P
Date: January 30, 2014
Level: University
Grade: A
Length: 9 / 2452

Essay text:

The economic structure of a country can present an obstacle to imports in a number of different ways. Countries with large internal markets are more likely to have a production system with a high degree of `home bias' (former Soviet Union, India and China before the 1980s, United States in the second half of 19th century and early 20th century). As the size of population and income are two significant determinants of the strength of the internal market, countries with large populations and high GNP have a greater absorption rate for domestically produced goods. Of course another point about a large country is the geographical expanse of the country: a large country is more likely to be self-sufficient in raw material...

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