OP 28 October, 2018 - 01:00 AM
On one level, trade ought to be the most simple thing in the world to understand. One farmer has a sheep, another a cow. Both want the other’s animals so they swap. Supply meets demand, everyone is happy.
Fast forward a few thousand years of human development, however, and it is not so easy. Russia has just offered up an important lesson in this by blocking the UK’s so-called tariff schedule at the World Trade Organisation. This highlights that the dynamics of global trade are far from simple and are growing more complex by the day.
Reference
https://www.telegraph.co.uk/business/201...ot-simple/
![[Image: TELEMMGLPICT000022359190_trans_NvBQzQNjv...mwidth=450]](https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fwww.telegraph.co.uk%2Fcontent%2Fdam%2Fbusiness%2F2017%2F08%2F02%2FTELEMMGLPICT000022359190_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQfyf2A9a6I9YchsjMeADBa08.jpeg%3Fimwidth%3D450)
Fast forward a few thousand years of human development, however, and it is not so easy. Russia has just offered up an important lesson in this by blocking the UK’s so-called tariff schedule at the World Trade Organisation. This highlights that the dynamics of global trade are far from simple and are growing more complex by the day.
Reference
https://www.telegraph.co.uk/business/201...ot-simple/
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