Not Only are Protectionist Measures Harmful for Economic Development but the Recent Changes in the Global Trading System have Rendered them Irrelevant

2103 ◽  
Ryan Nazareth
Chollada Luangpituksa

This paper described the development of the Stock Market in Thailand since it has been established in 1975. During these thirty years the Stock Market in Thailand has introduced computer system to facilitate investors and listed companies both in financial data and administrative work. Particularly the internet trading system has been introduced to enhance market growth. This can be traced from the increasing volume of trade each day. The growth of Thai stock market has changed the structure of Thai economy and affects the economic development of Thailand.

S. Sutyrin

While analyzing the world's economic development in the second half of XX century the autor finds that there is a need to establish a system jf regulators in the modern economy. Such a system should operate on a constant basis nit only at the national but also at internatijnal level. The trend towards strengthening jf regulatory activities will inevitably involve the WTO which forms the basis of modern international trading system. During the crisis this organization took a number of steps that helped smooth out the gravity of the problem and to prevent the proliferation of unilateral protectionist measures on the part of individual states.

2008 ◽  
Vol 1 (1) ◽  
Mitsuo Matsushita ◽  
Y.S. Lee

In recent decades, free trade agreements have been proliferated and have become a major part of the global trading system, along with the multilateral framework represented by the World Trade Organizations. This article discusses some of the major issues with FTA in relation to the WTO disciplines and also examines their implications for developing countries from the perspective of economic development. A global FTA network is proposed as a means to coordinate different, often conflicting rules among different FTAs and to promote common interests and concerns of developing countries.

2022 ◽  
Monica-Laura Sorici (Zlati) ◽  
Veronica Grosu ◽  
Cristina-Gabriela Cosmulese ◽  
Marian Socoliuc ◽  

The regulation of the cryptocurrency market is becoming an increasingly debated topic in the context of the transition to the digital economy and the health security procedures adopted by the authorities in this period dominated by the pandemic and economic crisis. In this context, we propose a prospective analysis of the effects of legislative regulation and the shift to the cryptocurrency market as a unit supporting digitization. The methods and procedures used in the analysis aim to obtain the staging of the interaction between the accounting system and the cryptocurrency trading processes. Thus, we will address the issue of the digital economy and the effects produced by it, and the result of this approach will be to identify viable solutions that will prevent certain effects on financial reporting and limit tax evasion or other money laundering techniques as a result of the widespread transition to this trading system. The results obtained will be useful to economic decision-makers and tax authorities concerned with these aspects of economic development.

2020 ◽  
Vol 3 (2) ◽  
pp. 155
Dini Selasi ◽  
Muzayyanah Muzayyanah

<p>Sharia economic development has been introduced to various types of halal investments including sharia stocks. The development of Sharia stock exchanges is very rapidly growing in line with the ease of access to become Sharia equity investors. The purpose of this journal is to introduce the Waqf of shares and its application in the development of sharia economy. This research uses literature research where all the materials are sourced from various sources, such as books, journals, scientific papers, newspapers, online news, etc. that support the writing of this journal. The result of this journal is the new stock Waqf was introduced in April 2019, investors can have their shares personally or through AB-SOTS (the Exchange member who owns the Sharia Online Trading System) which is a securities company that owns SOTS, a securities company in cooperation with the Indonesian Waqf Agency (BWI) and Dompet Dhuafa (DD Currently the new MNC Sekuritas, Indopremier Securities, Henan Securities and Philip Sekuritas. Waqf shares as an alternative of waqf productive with the purpose of the welfare of the people.</p>

2020 ◽  
Vol 12 (13) ◽  
pp. 5370
Haoran Zhang ◽  
Rongxia Zhang ◽  
Guomin Li ◽  
Wei Li ◽  
Yongrok Choi

An emission trading system (ETS) is a powerful emission reduction tool for achieving low-carbon economic development in the world. Focusing on the industrial subsectors, this paper comprehensively analyzes the environmental and economic effects of the pilot ETS in China from the perspectives of economic development, technological optimization, and innovation-driven development by using the propensity score matching–difference in differences (PSM-DID) model based on 2005–2017 provincial panel data. This paper compensates for the limitations of existing studies on the effects of ETS on different subsectors; furthermore, the triple difference model (DDD) model is used to discuss the impacts of differences in environmental responsibility and economic potential among subsectors on policy effects. The empirical results show that: (1) The pilot ETS produces a 14.5% carbon reduction effect on the covered subsectors while reducing GDP by 4.8% without achieving a low-carbon economy. Thus, production decline is the main reason for carbon emission reductions. (2) Economic development factors have significant positive impacts on carbon emissions, while technological optimization and innovation-driven development are key factors for achieving reductions in carbon emissions. (3) The pilot ETS produces a 60.1% carbon emission inhibition effect and 23.2% GDP inhibition effect on the subsectors with greater environmental responsibility. Therefore, the Chinese government should fully simulate the impact of technological innovation and utilize resource endowment differences in the environmental and economic aspects of different sectors to achieve low-carbon economic development.

2020 ◽  
Vol 114 ◽  
pp. 305-307
Manjiao Chi

In his book titled The Great Transformation, Karl Polanyi analyzed the social and political upheavals that took place in England during the rise of the market economy. The period referred by Karl Polanyi has long passed, but the global economic development is standing at a historical crossroad once again, in the era of globalization and free trade. Profound changes in international trade and investment governance have taken place in recent years. Among these changes, the crisis of the multilateral trading system with the World Trade Organization (WTO) at the center is outstanding and significant.

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