The Impact Of International Trade And Competition Market On Developing Countries

Jonida Lamaj
Additional contact information
Jonida Lamaj: Marin Barleti University, Albania

from ToKnowPress

Abstract: International trade plays a key role in a country economy and the global economy. As a rule, the foreign policies related to trade’s barriers are the most difficult to achieve, but they play a significant role for the business sector and its competitors. Through this paper I will analyse three important issues related to the international trade and the competition market: the importance of free trade in an economy; the way a capitalist economy influences free trade and how small numbers of suppliers lead to imperfect competition. This article tries to answer important questions related to the main theme such as reasons as why is free trade important, with a special view on the European Union case; what does globalization brings to the trade economy; and is monopoly safe in the long run? Additional concepts about developing countries, various economic systems, will be part of this paper as well. The abstract of my paper has been presented and published at the Make Learn & TIIM 2015 International Conference. Today, most markets are populated and often manipulated by large companies. Some of them are the only supplier (monopoly) or, more typically, one of the few suppliers (oligopoly) – not just at the national level but increasingly at the global level. The advancement of capitalism in the Western Europe countries and their offshoots in the nineteenth century is often attributed to the spread of free trade and free market. It is only because the government in these countries, it is argued, did not tax or restrict international trade and more generally did not interfere in the work of the market that these countries could develop capitalism. No monopoly is safe in the long run. Companies that once had near monopoly of their respective markets and had been considered invincible have lost such positions and even disappeared into the dustbin of history

Keywords: international trade; competition market; capitalist economy; open borders; monopoly (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.toknowpress.net/ISBN/978-961-6914-13-0/papers/ML15-306.pdf full text (application/pdf)
http://www.toknowpress.net/ISBN/978-961-6914-13-0/MakeLearn2015.pdf Conference Programme (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tkp:mklp15:1533-1540

Access Statistics for this chapter

More chapters in Managing Intellectual Capital and Innovation for Sustainable and Inclusive Society: Managing Intellectual Capital and Innovation; Proceedings of the MakeLearn and TIIM Joint International Conference 2015 from ToKnowPress
Bibliographic data for series maintained by Maks Jezovnik ().