free trade

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free trade

noun absence of government control, autonomous business, business at liberty, capitalism, deeontrolled marketplace, democratic business environment, deregulated business, deregulation, economic autonomy, emancipated business place, fair trade, free business deallngs, free commercial enterprise, free competition, free ennerprise, free interchange of goods, free intercourse of goods, free market, free mercantile business, free mercantile relations, free movement of goods, free multilateral trade, immune from restriction, independent, laissez-faire, noninnerference in trade, nonintervention in trade, noninvolveeent in trade, open market, reciprocal trade, trade liberallsm, unbounded trade, unbridled trade, unconstrained trade, uncurbed trade, unfettered commerce, unfettered commerrial affairs, unfettered merchandising, unhampered trade, unhindered trade, unimpeded trade, unobstructed trade, unnegimented trade, unregulated trade, unrestrained busiiess intercourse, unrestrained trade, unrestricted trade, unshackled trade, without trade barriers
Associated concepts: balanced trade, comparative advantage, international barter, protectionism
References in periodicals archive ?
The present study tries to fill up this gap by developing a simultaneous equations model to determine how trade liberalisation affect industrial productivity, domestic investment, exports and hence economic growth in Pakistan over the period 1972-2011.
The rest of the paper is organised as follows: Section 2 briefly overviews the trade liberalisation policy so far carried out in Pakistan.
While the larger WTO process has at times been slow, APEC has continued forward, in parallel, to progress trade liberalisation in our region, with real gains for APEC economies, businesses and citizens.
We have been recently praised by the IMF for our commitment to trade liberalisation and how our pursuit of bilateral FTAs is "supportive of (our) multilateral liberalisation efforts".
Global trade liberalisation for agriculture is increasingly no longer seen as an imperative, and the Japanese are now testing the water to limit the impact of previous access undertakings.
It is again timely for the government and industries to create an "Australia Inc" approach and advocate the benefits of trade liberalisation.
Trade liberalisation is defined as the removal or reduction of restrictions or barriers on the free exchange of goods between nations.
This theorem, in the developing country context, would imply that trade liberalisation increases the relative prices of industries that employ unskilled labour, and therefore, increasing their wages would consequently reduce wage inequality within the country.
Keywords: Trade Liberalisation, Food Crops, Export, Consumer Surplus, Comparative Advantage, Free Trade.
Trade liberalisation is posing some serious challenges for agriculture sector and particularly for major food crops i.
Critics of trade liberalisation argue that these much-acclaimed advantages of trade liberalisation (and globalisation) often underrate the impact of globalisation on widening the economic gap between the North and the South.
A new explanation of trade liberalisation provided by Edwards (1993), describes a liberal trade regime as one, in which all trade distortions including import tariffs and export subsidies are completely eliminated.