FINANCIAL AND INSURANCE TOOLS OF EXPORT PROMOTION POLICY
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AUTOR: Agnieszka Dorożyńska LICZBA STRON: 95 ROK WYDANIA: 2023 ISBN: 978-83-965902-2-0 DOI: 10.26485/978-83-965902-2-0
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SPIS TREŚCI: PDF ➤
OPIS:
Globalisation and integration of national economies have largely contributed to the intensification of international trade. The deployment of financial and insurance tools of export promotion policy by export credit agencies for the growth of exports also impacts the increase of the turnover in international trade. The goal of this monograph is to highlight the importance of financial and insurance tools of export promotion policy for export support. A mixed-method research methodology employed in this monograph, includes an in-depth literature review, analysis of export credit agencies, and secondary data sources.
Chapter one presents the heart and role of export promotion policy in the light of foreign trade theory and its instruments. Export promotion policy is an option of economic policy with an interventionist effect and is one of the components of trade policy. Under conditions of global trade liberalisation, direct export subsidies are gradually being replaced by indirect subsidies. Indirect subsidy methods and especially insurance, guarantees for export transactions, subsidising export credit interest rates, as well as information and promotion activities play a very important role in the export promotion policy of developed countries.
Chapter two discusses and outlines mutual links and interdependencies between the financing and refinancing mechanisms, interest rates subsidies, and the insurance and guarantee system. The efficient performance of the model that
includes export promotion policy instruments is determined by the efficiency of its individual components. They are an effective instrument of export mobilisation, which to a large extent decides about the competitiveness of exports of a given country.
Chapter three provides a historical overview of the activities of export credit agencies worldwide. Today, most countries, albeit with varying intensity, support their own exports in order to strengthen their position on the international market in an ever intensifying competitive environment.