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There is a high negative correlation between the size of a country and the degree of its openness to international trade.
The infrastructure of country, i.e. its network of roads, waterways, bridges, railways, airways, port facilities etc. may discourage imports if it is not well developed. For instance shortage of port facilities, may discourage imports into (as well as exports from) a country, as importers may face higher freight, insurance costs and interest charges due to delays in the processing of goods in ports of entry...
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may discourage imports if it is not well developed. For instance shortage of port facilities, may discourage imports into (as well as exports from) a country, as importers may face higher freight, insurance costs and interest charges due to delays in the processing of goods in ports of entry. After goods are processed at a port of entry, lack of good roads and inefficient transportation facilities may increase the cost of imported goods for consumers and thus discourage importers...
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ECONOMIC BARRIERS TO TRADE
International Trade And Economic Development
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Explain what is meant by the term "barriers to trade;" use examples
Discuss the history of Australia regarding trade policies and moving from protectionist to free trade.
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Model of International Trade
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