6 Intl Econ Notes

6 Intl Econ Notes - tiny countries infrastructure is more...

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Int’l Econ Notes 4/22/09 Poor countries in sub Saharan Africa rely on import tariffs b/c too expensive to collect income taxes Slide 30: these countries are richer than many countries so they aren’t considered poor o However, they are really small countries so they levy tariffs because o Tax infrastructure needed to collect income taxes and in
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Unformatted text preview: tiny countries infrastructure is more expensive than its worth None of Central and South America countries would qualify under these criteria so should use free trade • Slide 36: Small countries are price takers on world mkt o World price is no longer flat line; now its upward sloping • Slide 44:...
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