Lowering trade barriers boosts productivity, exports and private consumption

2021 ◽  
Keyword(s):  
Private Consumption ◽  
Trade Barriers

Produktivkraft als Versprechen

2016 ◽  
Vol 46 (185) ◽  
pp. 621-638 ◽  
Author(s):  
Christian Siefkes
Keyword(s):  
Private Consumption ◽  
Minor Role ◽  
Progressive Reduction ◽  
Internal Forces ◽  
A Minor

The ‘Fragment on Machines’ from Marx’s Grundrisse is often cited as an argument that the internal forces of capitalism will lead to its doom. But the argument that the progressive reduction of labor must doom capitalism lacks a proper foundation, as a comparison with the ‘Schemes of Reproduction’ given in Capital II shows. The latter, however, aren’t fully convincing either. In reality, more depends on the private consumption of capitalists than either model recognizes. Ultimately, most can be made of the ‘Fragment on Machines’ by reading it not as an exposure of capitalism’s internal contractions, but as a discussion of a possible communist future where labor (or work) will play but a minor role.

Trading Barriers

2017 ◽  
Author(s):  
Margaret E. Peters
Keyword(s):  
Immigration Policy ◽  
International Competition ◽  
International Economy ◽  
Trade Barriers ◽  
Foreign Competition ◽  
Capital Movements ◽  
Social Concerns ◽  
Business Support ◽  
The World ◽  
At Home

Why have countries increasingly restricted immigration even when they have opened their markets to foreign competition through trade or allowed their firms to move jobs overseas? This book argues that the increased ability of firms to produce anywhere in the world combined with growing international competition due to lowered trade barriers has led to greater limits on immigration. The book explains that businesses relying on low-skill labor have been the major proponents of greater openness to immigrants. Immigration helps lower costs, making these businesses more competitive at home and abroad. However, increased international competition, due to lower trade barriers and greater economic development in the developing world, has led many businesses in wealthy countries to close or move overseas. Productivity increases have allowed those firms that have chosen to remain behind to do more with fewer workers. Together, these changes in the international economy have sapped the crucial business support necessary for more open immigration policies at home, empowered anti-immigrant groups, and spurred greater controls on migration. Debunking the commonly held belief that domestic social concerns are the deciding factor in determining immigration policy, this book demonstrates the important and influential role played by international trade and capital movements.

scholarly journals Can public spending boost private consumption?

2021 ◽  
Author(s):  
Stylianos Asimakopoulos ◽  
Marco Lorusso ◽  
Luca Pieroni
Keyword(s):  
Private Consumption ◽  
Public Spending

scholarly journals Kebijakan Developmental State Indonesia dalam Perdagangan Komoditas Hortikultura, Hewan, dan Produk Hewan

2017 ◽  
Vol 2 (1) ◽  
pp. 29
Author(s):  
Septian Nur Yekti
Keyword(s):  
World Trade Organization ◽  
World Trade ◽  
Dispute Settlement ◽  
Developmental State ◽  
State Theory ◽  
Trade Barriers ◽  
Trade Restriction ◽  
Animal Products ◽  
Trade Dispute ◽  
National Welfare

Indonesia insists to defend its regulation on trade of horticulture, animals, and animal products after its loss on New Zaeland’s indictment in Dispute Settlement Body (DSB) of World Trade Organization (WTO). Indonesia appealed the DSB decision, despite previous findings in DSB panel which reports that Indonesia’s regulations contains trade restriction and various trade barriers. This paper analyzes the reason why Indonesia appealed the DSB Panel decision, despite the fact that Indonesia violates WTO principles which lead to free trade barriers. This paper uses law perspective to find out whether Indonesia really violates the law or not. Besides, this paper also uses developmental state theory to analyze the case. The theory takes root in the merchantilism which emphasizes on export, domestic production, and national welfare. Developmental state’s position lies between liberalization and centered-plan policy which means that the country that applying this policy joins the globalization and plays its role in international order to reach national welfare.Keywords: developmental state, trade dispute settlement, trade restriction

Trends of Private Consumption in the Restructuring of China’s Economy

2015 ◽  
Vol 07 (04) ◽  
pp. 52-64
Author(s):  
Chien-Hsun CHEN
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Private Consumption ◽  
Decisive Role ◽  
Domestic Product ◽  
Domestic Consumption ◽  
Labour Income ◽  
Rapid Economic Growth ◽  
Labour Share ◽  
China’S Economy

The benefits deriving from rapid economic growth have chiefly accrued to capital returns. Consequently, the decline in the share of Chinese gross domestic product (GDP) accounted for by labour income has been most pronounced. To sustain growth, China will have to ensure robust consumption. Increasing the labour share in GDP and hence promoting domestic consumption will play a decisive role in rebalancing China’s economy.

scholarly journals Forecasting private consumption: survey-based indicators vs. Google trends

2011 ◽  
Vol 30 (6) ◽  
pp. 565-578 ◽  
Author(s):  
Simeon Vosen ◽  
Torsten Schmidt
Keyword(s):  
Private Consumption ◽  
Google Trends ◽  
Consumption Survey
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