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Preferentialism
PREFERENTIALISM

Definitions:

i. The policy or practices of granting preferences in international trade.

ii. The economic system of preference, especially among British commonwealth countries.
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Quote: "Only by not forgetting the past can we be the master of the future". - Ba Jin.


* All eight elements should and would be in.


1. Deemed purposeful and necessary to have in place.

2. Trading guidelines are specific and identifiable.

3. Policies involved sure measurable and assessable.

4. Cost-benefit analysis studies real and realistic.

5. Opportunity cost therein is genuinely affordable.

6. Serving purpose(s) and/or achieving objective(s).

7. Reciprocity among friends present (to emphasize).

8. Definitely with a saving grace in this situation.
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see perfect objectivity.

PREMIUM. ALLIANCE. TARRIFS. EXCHANGE. COOPERATION.

see perfect memorandum of understanding.

ADVANTAGE. MANUFACTURE. BEST ORACTICES. ET CETERA.

see perfect subjectivity.

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