This document discusses trade restrictions and trade policy as well as the relationship between firms, location, and distance. It examines types of trade barriers and restrictions, regional trade agreements, imports and exports of Romania and Poland. Specifically, it analyzes Romania and Poland's top import and export partners and commodities. Factors like transport costs, geographic distance, and models like the gravity model and Porter's Diamond are also evaluated in their influence on international trade.
Original Description:
Trade Restrictions and Trade Policy
Firms, Location, and Distance
This document discusses trade restrictions and trade policy as well as the relationship between firms, location, and distance. It examines types of trade barriers and restrictions, regional trade agreements, imports and exports of Romania and Poland. Specifically, it analyzes Romania and Poland's top import and export partners and commodities. Factors like transport costs, geographic distance, and models like the gravity model and Porter's Diamond are also evaluated in their influence on international trade.
This document discusses trade restrictions and trade policy as well as the relationship between firms, location, and distance. It examines types of trade barriers and restrictions, regional trade agreements, imports and exports of Romania and Poland. Specifically, it analyzes Romania and Poland's top import and export partners and commodities. Factors like transport costs, geographic distance, and models like the gravity model and Porter's Diamond are also evaluated in their influence on international trade.
Trade restrictions (advantages and disadvantages) Types of trade barriers and restrictions Regional Trade Agreements (RTAs). Imports of Romania Imports of Poland Transport costs Gravity model Distance and types of distance Porters Diamond model Exports of Romania Exports of Poland
Gravity model is a very powerful model that relates
aggregate trade and investment flows to distance. In comparison standard trade theory to Gravity model, in standard trade theory countries are dimensionless points in space and exact location of those countries doesnt matter, in Gravity model position does matter.
FIRMS, LOCATION, AND DISTANCE
3.Distance and types of distance Geographic distance
FIRMS, LOCATION, AND DISTANCE
4.Porters Diamond model A model that attempts to explain the competitive advantage some nations or groups have due to certain factors available to them. The Porter Diamond is a model that helps analyze and improve a nation's role in a globally competitive field. The model was developed by Michael Porter, who is recognized as an authority on company strategy and competition; it is a more proactive version of economic theories that quantify comparative advantages for countries or regions.