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Essay On Non Tariff Barriers

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Non-tariff barriers; boon or bane?
“Countries trading goods in which they have an absolute advantage will both benefit from the exchange.” Adam Smith
Why do we have barriers to trade, if one of the most important economists say:“ Hey come on, let us trade, it is a good thing!” Why do we have barriers to trade, if the other economist add:
“ Trade is also beneficial with countries , which are not that powerful because of the comparative cost advantage.”
Adam Smith realized in the 18th century that trade is a good thing. David Ricardo strengthen and added some points to Smiths theory. These two economists did not have worries about non-tariff trade barriers. Probably they did not even know the meaning of this word.
World Trade Organization (WTO) strengthen the trade as well. In many negotiation rounds they achieved the reduction of tariffs for more liberalization over the whole world. We often hear news in popular papers like the financial times that WTO reduced again many tariffs for example on technological products. But there are still many tariffs which need to be discussed. In …show more content…

But now it is time to consider the least developed countries. Currently, there are many refugees around the world. Especially Germany is very attractive for the refugees. We should ask us now, why are there generally refugees. What do you think? Only because of the richness and wealth they flee to Europe? The German Nazis would use this claim. No, in my opinion they flee not only because they are thinking that Germany is a paradise. They flee because of war. They flee because of hunger. They flee because of hoping of better living conditions. They want to offer their children a good education. Why do they not get these things in their home country? This question is very difficult. But one thing is clear: non-tariff barriers contribute to the underdevelopment of these

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