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  2. Import substitution industrialization - Wikipedia

    en.wikipedia.org/wiki/Import_substitution...

    A 1982 World Bank report stated, "There exists a chronic shortage of skills which pervades not only the small manufacturing sector but the entire economy and the over-loaded government machine." [45]: 32 Tanzania, for example, had only two engineers at the beginning of the import-substitution period.

  3. Trump Tariffs Could Impact Imports From Mexico, Canada, China

    www.aol.com/trump-tariffs-could-impact-imports...

    Trump initially promised during his campaign to institute a 10-20% tariff on all imports, and as high as 60% on goods from China. Economists worry that his tariff plan will raise the prices of ...

  4. Foreign trade of the United States - Wikipedia

    en.wikipedia.org/wiki/Foreign_trade_of_the...

    The stagflation of the 1970s saw a U.S. economy characterized by slower GDP growth. In 1988, the United States ranked first in the world in the Economist Intelligence Unit "quality of life index" and third in the Economic Freedom of the World Index. [13] Over the long run, nations with trade surpluses tend also to have a savings surplus.

  5. Balance of trade - Wikipedia

    en.wikipedia.org/wiki/Balance_of_trade

    Includes only visible imports and exports, i.e. imports and exports of merchandise. The difference between exports and imports is called the balance of trade. If imports are greater than exports, it is sometimes called an unfavourable balance of trade. If exports exceed imports, it is sometimes called a favourable balance of trade.

  6. Trump tariff threat helps lift US ocean imports - AOL

    www.aol.com/news/trump-tariff-threat-helps-lift...

    A potential second round of Trump tariffs once he takes office on Jan. 20 is the latest addition to a laundry list of factors - including healthy U.S. consumer spending, federal investment in ...

  7. Economic relations of Japan - Wikipedia

    en.wikipedia.org/wiki/Economic_relations_of_Japan

    Imports and exports totaling the equivalent of nearly US$1.309.2 Trillion in 2017, which meant that Japan was the world's fourth largest trading nation after China, the United States and Germany. Trade was once the primary form of Japan's international economic relationships, but in the 1980s its rapidly rising foreign investments added a new ...

  8. Trump vows 25% tariff on imports from Mexico, Canada: What ...

    www.aol.com/trump-vows-25-tariff-imports...

    Economic theory generally shows higher trade barriers raise consumer prices and negatively impact economic output and income, according to the Tax Foundation, a nonpartisan tax policy nonprofit.

  9. Trade policy of South Korea - Wikipedia

    en.wikipedia.org/wiki/Trade_policy_of_South_Korea

    In the late 1970s because of increase in oil prices, the cost of its oil imports increased by 200 percent in a year. In the early 1980s, exports in heavy industries reached UD$17.5 billion. Soon by the mid-1980s, Korea's economic growth was recognized internationally and world criticized its export intensive economy.