Effects of Trade Barriers on Development and Growth

Fernandez, Rosa Maria

Abstract

A basic definition of trade barriers would refer to all factors that may influence how many goods and services are shipped across international borders (Feenstra and Taylor 2017a). This definition is quite neutral, and it needs to be understood that the word “barrier” has a negative connotation, which means that a trade barrier would be any instrument that limits or restrict trade between countries, as opposed to free trade. It is generally accepted that free trade is good for productivity and economic growth, but it is also true that most countries apply some sort of trade restriction, for different reasons.

• Online Publication Date: Sep 21, 2021
• Publication Date: 2021
• Deposit Date: Aug 4, 2023
• Publisher: Springer
• Pages: 159-166
• Series Title: Encyclopedia of the UN Sustainable Development Goals
• Series ISSN: 2523-7411; 2523-7403
• Book Title: Reduced Inequalities
• ISBN: 978-3-319-95881-1
• DOI: https://doi.org/10.1007/978-3-319-95882-8_24
• Public URL: https://keele-repository.worktribe.com/output/535346
• Additional Information: First Online: 21 September 2021