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Environmental regulations shape trade policies from "summary" of International Economics by Robert Carbaugh
Environmental regulations play a significant role in shaping trade policies between countries. These regulations are put in place to protect the environment from harm caused by various economic activities, such as industrial production and trade. Countries that have stringent environmental regulations may impose restrictions on imports from countries with lower environmental standards. These restrictions could take the form of tariffs or quotas, making it more expensive or difficult for goods from these countries to enter the market. In some cases, environmental regulations can also be used as a form of protectionism, where countries use environmental concerns as a justif...Similar Posts
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