National_Trade_Policies

National_Trade_Policies - National Trade Policies National...

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Unformatted text preview: National Trade Policies National Trade Policies: Why Free Trade Is Not Completely Free- Taxation- National defense- Retaliation- Infant industry- Unemployment- Corporate lobbying- Human rights, environment and public health- Strategic trade- Desire for industrialization/ agriculture- Balance of payments- Diversification: import substitution- Foreign policy, sphere of influence and national identity The Costs of Protectionism Impact on:- Consumers- Workers- Government- Foreign businesses The Seven Instruments of Trade Policy- Tariffs- Subsidies- Import Quotas- Voluntary Export Restraints- Local Content Requirements- Administrative Policies- Antidumping Duties Tariffs Tariffs SpeciFc ¡ixed charge per unit Ad Valorem Charge is a proportion of the goods value ! Oldest form of protection ! + Good for the government ! + Good for producers !- Leads to inefFciency !- Bad for consumers Tariff Revenues as a Percentage of Total Government Revenues Harmonized Tariff Schedule of the U.S.- Types of tariffs- How much work is this? Example: U.S. Tariffs for Pianos Example: U.S. Tariffs for Water Subsidies: “To Level the Playing Field”...
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This note was uploaded on 12/11/2011 for the course INTBUS 200 taught by Professor Tuli during the Fall '11 term at University of Wisconsin.

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National_Trade_Policies - National Trade Policies National...

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