POL 2101 Lecture Notes - Import Substitution Industrialization, Tax Rate, Industrial Policy

• School: University of Ottawa
• Department: Political Science
• Course: POL 2101
• Professor: Luc Turgeon

Document Summary

Economic policy: government action to influence the economy. Industrial policy: official strategic effort to encourage development and growth in specific sectors: trade policy: set of rules and regulations intended to promote/hinder international trade flows (by facilitating or holding up trade ports) Different objectives: stimulate or maintain growth (stability) Increase economic competitiveness (with other countries: balance of payments stability, making sure you"re getting a fair deal with other countries. Industrial policy: monetary policy, through the bank of canada (largely autonomous, fiscal policy, taxation (both corporate and personal tax, equalization, free trade agreement - run by the federal government. Industrial policy: resource exploitation (alberta oil, fiscal policy provincial governments" power over policy, trade policy provinces play a role. 4. 6: challenges the idea that tax rates are higher in certain provinces (redistribution) Refers usually to the economic program adopted by the conservative party of john.