MODELLING THE POTENTIAL BENEFITS OF AN AUSTRALIA-CHINA FREE TRADE AGREEMENT Dr Yinhua MAI Centre of Policy Studies‚ Monash University Professor Philip ADAMS Centre of Policy Studies‚ Monash University Dr Mingtai FAN Chinese Academy of Social Sciences Professor Ronglin LI Nankai University Dr Zhaoyang ZHENG Nankai University An Independent Report Prepared for: The Australia-China FTA Feasibility Study 2 March 2005 The Centre of Policy Studies Centre of Policy Studies Building 11E Monash
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Subsides were used to aid Boeing gain a first mover advantage into the emerging airline industry. They were given tax grants for R & D spending or money to develop military technology that could be transferred to civilian projects. Airbus‚ on the other hand‚ was able to enter the market through a $13.5 billion subsidy from governments in France‚ Great Britain‚ Germany‚ and Spain. According to a 1992 agreement between EU-US and the WTO "up to 33 per cent of the program cost was to be met through
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banning the imports‚ assume that the government enacts a special tax on imported clothing that is so high that the selling price of the imports would be equal to the selling price of the same clothing made in America. This kind of tax is called a tariff and is enacted to protect domestic producers of the same items that can be imported at much lower costs. Answer the following: (10 points) a. What would shoppers see when they shopped in Wal-Mart and the other “big box” stores that sell so many
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Chapter 2 1．Home has 1200 units of labor available. It can produce two goods‚ apples and bananas. The unit labor requirement in apple production is 3‚ while in banana production it is 2. a．Graph out the production possibilities frontier: b．What is the opportunity cost of apples in terms of bananas? [pic] c．In the absence of trade‚ what would the price of apples in terms of bananas be? In the absence of trade‚ since labor is the only factor of production and supply
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THREATS FACING MALAYSIA Malaysia‚ being a trading nation that highly dependent on international trade‚ our economic performance is very vulnerable to the performance of our major international trading partners. For decades‚ our economic growth has been overly reliant on external sector developments‚ foreign direct investment (FDI) and international trade. Domestic investment decisions are not base on economic fundamentals but rather these decisions are very much influenced by the market behavior
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customs. However‚ waiting for the full implementation of the AEC will be too long a wait‚ and the current progress has already allowed enough opportunities for businesses to utilize in order to expand into the ASEAN market‚ such as the 0% import tariffs and the free movement of labor in 7 professions which have previously been agreed upon‚ or the raise of the maximum equity participation allowed in services sectors which‚ whilst yet to reach the intended 70%‚ have created
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APPENDIX A. Economic Nationalism or Economic Internationalism: Which path should the Philippines adopt? No complete realization of either is practicable. We must understand the real alternatives clearly. Therefore‚ the choice should not be between a complete suppression of international trade on the one hand and its complete freedom on the other. Rather we shall look at the restrictions present in status quo which walls our path to development. In the context of constitutional reform‚ the
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short time span‚ 4. Increased access to technology. Being part of the global competition‚ companies can reap the following benefits: 1. Socio-economic‚ political and demographic changes 2. Elimination of barriers to free trade (tariff disarmament‚ unification of product certification standards‚ and openness to public procurement for foreign companies)‚ 3. Deregulation and market release to
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categorized as one of the largest formed trading blocs. Despite the expansion and diversification in the economies of member states‚ there has been quite a number of setbacks as a result of the enactment of the trading platform. NAFTA’S focus was to reduce tariffs among member states namely Mexico‚ Canada‚ and the United States over the years‚ making it easier to trade goods across national borders‚ and increasing economic efficiency in North America. Policy making and implementation has been a challenge
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2010‚ 614). An open economy is characteristically market-oriented‚ with free trade policies rather than protective government controls. Its openness allows the economy to export a large proportion of its output and/or has few or no barriers (e.g. tariffs or quotas) to international trade. This creates specialisation of skills and abilities‚ with each country of the world tending to specialise in the line of production in which they have comparative advantage in relation to their trading partners in
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