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 ?
Given the paramount importance of trade liberalisation in economic growth process, it is necessary to understand the transmission channels through which liberalisation affects industrial productivity, private industrial investment, exports, imports and hence economic growth in Pakistan.
Stiglitz (2006) is right when he says that "economists who promise that trade liberalisation will make everybody better off are being disingenuous.
Compared to the roughly contemporaneous New Zealand trade liberalisation, which Lusztig rates as a success ('a textbook illustration of the limits of the rent seeking model', p.
Lamy added that the WTO member-states are currently working on greater trade liberalisation.
Recently, it appears as if momentum may be slowing for further gains in trade liberalisation.
Trade liberalisation is defined as the removal or reduction of restrictions or barriers on the free exchange of goods between nations.
Trade liberalisation initiatives in the US have ground to a virtual halt over the past couple of years due to a protectionist-minded US Congress refusing to ratify new free trade agreements.
Preferential trade in agriculture between the EU and Norway is ruled by Article 19 of the EEA Agreement, which foresees regular reviews, with a view to progressive bilateral trade liberalisation.
Keywords: Trade Liberalisation, Food Crops, Export, Consumer Surplus, Comparative Advantage, Free Trade.
Moreover, the trade liberalisation offered by the Asian side, especially in the field of non-tariff trade barriers, fell short of the EU's expectations.
The concept of trade liberalisation stems from Neo-liberalism thinking that has advocated market oriented economic reforms for social order and economic prosperity that aims to improve efficiency and stability in the economy.