Trade arrangements, Trade protectionism, and the lower value of the currency are the defined ways to regulate the imports and exports of a country.
<h3>What are imports and exports?</h3>
Import arises when a country brings in the goods from the outside countries whereas when a country provides goods to other countries, then it is treated as exports.
Trade protectionism is a situation where the country is provided with benefits in the form of tariffs that increase the import prices and utilizes the subsidies. Trade arrangements occur where the export prices are rising by making reductions in trade protectionism. The lowering of currency values can be applied by making the rates of interest to be lower.
For instance, the government reduces taxes on some industries in order to raise production in those specified areas.
Therefore, the imports and exports can be regulated by making the currency value lower and by applying trade protectionism and trade arrangements.
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What country are you asking for?
Although you did not specify the civilizations you should compare Hammurabi's code with, here I leave relevant points about the code that may help you:
- Hammurabi's code is a collection of laws carved in a stone pillar during the Babylonian emperor Hammurabi's realm. After conquering the land within the Mesopotamian valley, he needed to unify the territory of his empire under the same laws. It is the first written code of laws.
- As laws were written, judges could not change them at the moment. This was a guarantee of justice for citizens. Other civilizations like the Romans and Hebrews also had written codes of laws.
- The code includes mainly a list of crimes and punishments established for them. The punishments defer according to the social rank of the victim and the criminal.
- Punishments could be payments in species or metals, but also corporal, following the "eye for an eye" criteria of justice, or Tallion's law. This concept of justice can also be found in old Hebrew tradition, and in the Quran.
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