Volume 5 Issue 3

In this paper, I discuss the effects of certain trade policy measures, mostly import tariffs, presently contemplated by the US government, aimed at enhancing domestic employment in a number of targeted industries. I intend to show that insofar as such measures restrain free trade among NAFTA member-countries, they run counter to a basic rule suggested by conventional theory, stating that, following changes in the tariff structure, resources will shift toward activities that enjoy the highest rate of effective protection. I try to demonstrate that erecting barriers against inside-NAFTA trade, aside from hurting industries that use outsourcing extensively, has little chances to create incentives for labor shifts in the desired direction.

Entrepreneurship has attracted the attention of many scholars in the last years due to its importance in the economy. Entrepreneurship is considered by many an important factor that could have a positive influence over the economic growth. Despite the recognition of the role of the entrepreneurship there is no general agreement of how entrepreneurship impacts the economy or a specific industry. The aim of this article is to provide some information about entrepreneurship, ways of measuring entrepreneurship, most common metrics used and the impact over the Romanian economy. To underline the relationship between these concepts some analysis were conducted in order to determine if they are correlated.