Trade policy

Trade policy is known as a set of laws, regulations, procedures, and the measure taken by the state to trade with the outside world in order to achieve economic interest
There are 3 trends towards trade policy


1 Some economists are supporters of the policy of freedom of trade as to defend the theory of comparative advantages in terms of see their point of view that the interest of a particular country an integral part of the world's interest as a whole
Therefore, from the point of view, the optimal trade policy is the liberalization of various goods and services and production elements of any obstacles that may impede their movements from one country to another


2 Some economists are supporters of the policy of restricting trade with the outside world see that as a group of countries with competing national interests, therefore, should an independent trade policy that works to restrict the movements of both goods and services and factors of production


3 Some economists are supporters of the trends in real terms Hola economists believe that the selection of economic policy must be linked to economic conditions of countries without complying with a prior