POLSCI 2J03 Lecture Notes - Lecture 7: Economic Nationalism, British Association For Immediate Care, Social Cost
19 Mar 2020
School
Department
Course
Professor
Document Summary
We must protect our borders from the ravages of other countries making our product, stealing our companies and destroying our jobs - 2017 donald trump inaugural address. Manifests a key stance of economic nationalism. Trade politics are highly visible but they are more than just about trade. Involve a combination of various issues-- in order to understand trade politics we have to look at other factors as well. Defining trade exchange of one commodity for another. Takes place on many levels (domestic, national etc) In this course we will examine trade that crosses political borders. Tax on products coming into a country. Ie. tariff may be used if country a has a steel industry that is not as competitive as country b-- country a can reduce competition by placing tariffs on country b"s steel and increasing their cost. There are ongoing international attempts to lower cost of tariffs.
