Chap 10 government affects on trade

Chap 10 government - Governmental Affects on Trade 2007 Robert Sweo Why Governments Intervene Economic Arguments Unemployment Infant industry

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© 2007 Robert Sweo Governmental Affects on Trade
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© 2007 Robert Sweo Why Governments Intervene – Economic Arguments Unemployment Infant industry argument Industrialization argument Economic relations - Balance of payment adjustment - Comparable access - Restrictions as a bargaining tool - Price control objectives
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© 2007 Robert Sweo Why Governments Intervene – NonEconomic Arguments Maintenance of essential industries Prevention of shipments to “unfriendly” countries Maintenance of sphere of influence Protecting national identity
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© 2007 Robert Sweo Tools of Trade Control Tariffs Nontariff barriers - Subsidies free money to help a local industry….Or give money to universities for research that would benefit a particular industry. - Aid and loans Offering an industry really low interest loans. Or guarantying loans for a particular industry (government’ll play if default) - Customs valuation Arbitrarily value products as they cross the border. -
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This note was uploaded on 10/28/2009 for the course ACG 3141 taught by Professor Graybeal during the Spring '08 term at University of Central Florida.

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Chap 10 government - Governmental Affects on Trade 2007 Robert Sweo Why Governments Intervene Economic Arguments Unemployment Infant industry

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