Amazon and Walmart restricted in India

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CNN Business: India just made life tougher for Amazon and Walmart

Article published: December 27, 2018

IB Economics syllabus: International economics (trade barriers, protectionism)

In order to cut back the influence of large American firms such as Amazon and Walmart, India is now set to restrict foreign e-commerce companies. This is good news for domestic (Indian) companies, as the government is “trying to create an environment ‘where all traders get an equal opportunity to sell.'” With such administrative barriers and embargos, imports are expected to fall, while domestic production should increase benefitting Indian firms.

Source of image: CNN Business video

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By EconDaddy IB Economics tutor|2022-01-13T10:40:53+00:00January 2nd, 2019|International Economics|Comments Off

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My name is Daniel Szekely and I work as an IB Economics tutor, examiner and teacher. Having earned an MA degree in Economics at the University of Aberdeen, I started my career as a financial analyst at Morgan Stanley, one of the largest investment banks of the world. Yet, despite the promising career prospects of the banking industry, I decided to make a larger social impact by becoming a teacher. Currently, I teach IB Economics at SEK Budapest International School and have been an examiner for over 8 years. I started EconDaddy as a simple blog to share great articles with my students and others taking IB Economics around the world to use for their commentaries. Being a practicing IB Economics tutor, I have first hand insight into the most common mistakes of students, so the EconDaddy blog now also provides exam and commentary writing tips.