Info On The Go
Info On The Go is a family-friendly podcast designed for curious minds of all ages! Perfect for learning on the go, our weekly episodes dive into fascinating stories, important events, and fun facts from both the past and present.
Whether you’re commuting, traveling, or enjoying some downtime at home, we make learning engaging, accessible, and entertaining for the whole family. From historical milestones to modern marvels, every episode is packed with insights, surprises, and a few laughs along the way.
Join us as we connect the dots between history and today’s world, sparking curiosity and inspiring conversations that will keep everyone coming back for more.
So tune in each week for your dose of fun, learning, and discovery — because the journey of knowledge never ends!
Thank You for listening and Stay curious,
Kat & William
Email infoonthegopodcast@gmail.com
If you would like to support Info On The Go click the link below
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Info On The Go
Trade Surplus, Deficits and Tariffs
What is Trade?
Trade is the voluntary exchange of goods or services between individuals, businesses, or countries. It can involve tangible products like food and clothing or intangible services like banking and healthcare. Trade occurs domestically (within a country) and internationally (across borders) and takes various forms, including barter, wholesale, retail, e-commerce, and financial market transactions. Trade fosters economic activity, promotes specialization, and improves access to a variety of goods and services, raising living standards globally.
In this episode, we focus on international trade, particularly trade surpluses and trade deficits. A trade surplus happens when a country exports more than it imports, leading to a net inflow of money, while a trade deficit occurs when a country imports more than it exports, resulting in an outflow. Surpluses can boost an economy but may cause global tensions; deficits can provide access to goods but, if persistent, may lead to debt and economic vulnerabilities.
We also explore tariffs, taxes on imports or exports used to protect domestic industries and influence trade balances. While tariffs can help local businesses, they can also raise prices and spark international disputes.
Finally, we dive into the Balance of Trade theory, how historical economists like Keynes and Ricardo shaped ideas on trade regulation, and how modern trade agreements like the WTO and USMCA manage global trade today. We also look at examples of countries with significant surpluses (like China, Germany, and Ireland) and those with notable deficits (like the United States, Japan, and the United Kingdom).
Trade remains a central pillar of economic life, influencing prosperity, employment, and global relations.
Thank You for listening and Stay curious,
Kat & William
Email infoonthegopodcast@gmail.com
If you would like to support Info On The Go click the link below
https://www.buzzsprout.com/2434258/support
Or for Patreon
Follow us wherever you listen to podcasts and leave us a review.
Follow us on Facebook at Info on the Go!
https://www.facebook.com/share/g/159DdiptQh/?mibextid=wwXIfr
https://infoonthego.buzzsprout.com
We use Upbeat
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