TRADE AGREEMENTS AND THEIR IMPORTANCE TO KAZAKHSTAN
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Date
2008
Authors
Journal Title
Journal ISSN
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Publisher
The Kazakh National University Named After Al -Farabi and Suleyman Demirel University
Abstract
Today every country thinks about increasing efficiency through free trade. Free trade is a system in which the trade of goods and services between or within two or more countries flow unconstrained by govemment-imposed restrictions. Such goverment interventions generally increase costs of goods and services to both consumers and producers. Interventions include taxes and tariffs, non-tariff barriers, such as regulatory legislation and quotas. Free trade opposes all such interventions. One of the strongest arguments for free trade was made by classical economist David Ricardo in his analysis of comparative advantage. Comparative advantage explains how trade will benefit both parties (countries, regions, or individuals) if they have different opportunity costs of production
Description
Keywords
government intervention, international trade, kazakhstani case, global economy
Citation
Smirnova Elena , TRADE AGREEMENTS AND THEIR IMPORTANCE TO KAZAKHSTAN ,Conference Proceedings: Competitive Ability of Kazakhstan’s Economy: Accelerated Modernization and Development Of Corporate Structures, ISBN: 978-605-4233-03-8, Almaty 2008, pgs. 137-142.