This preview shows page 1. Sign up to view the full content.
Unformatted text preview: Keiretsu (the word means system) are affiliations between firms. 1. horizontal 2. vertical 3. distribution Keiretsu can create entry barriers for newcomers and engage in anti-competitive practices which reduce imports. Effects of Trade on the Environment It is sometimes argued that trade is bad for the environment because trade promotes economic growth and economic growth leads to environmental degradation in the form of pollution, depletion of resources, and degradation of the scenic environment. In developing countries, rural areas have seen large-scale soil erosion and water quality deterioration, deforestation, and declining soil productivity. Urban areas have experienced seriously diminished air and water quality. But, growth enables governments to tax and raise resources to reduce pollution and protect the environment. We see more environmental protection in rich countries....
View Full Document
This note was uploaded on 11/22/2011 for the course FIN FIN1100 taught by Professor Bradrifkin during the Fall '09 term at Broward College.
- Fall '09
- Personal Finance