Philosophy 3820F/G Lecture Notes - Lecture 12: Cultural Relativism, H. L. A. Hart, Free Trade

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What can we do to encourage small business in poor countries
Free trade
One of the things that the WTO is supposed to encourage
In the free market thinking it is though that the markets are more efficient
All companies want to sell things
People will buy things that cost less (assuming the same quality)
Because people are like this companies do their best to bring the cost
down and outsell their competition
We want there to be competing prices because if the government
were to set the prices then they may be too high
Business competition encourages efficiency
Competition is supposed to improve what we get
We’re better off with more things than few things (Western Worlds)
Suppose there are two countries A and B, each in their own country, they
make the same things, but factory A is more efficient
Free traders would say the best situation for the citizens of country B
would be to buy the products from country A
Factory B cannot find a better way to make things, all of the workers
loose their jobs
Free trade can be threatening
Impose a tariff on factory A’s trade into country B
The possibility of unemployment
In order to protect businesses in poor countries, poor countries should be
allowed to impose high tariffs on imports
Other part although these poor countries can impose tariffs, rich
countries should not be allowed to retaliate
In larger countries there will be pressure to have larger countries
Small producers operate at a disadvantage
Subsidized markets
It makes the markets less competitive
In Canada we do not subsidize farmers, but in the US they subsidize
In the US they subsidize the dairy market, American prices are artificially
low
Canada has routinely gone to the WTO to complain about the tariffs
imposed by the US on Lumber
International Law
HLA Hart
1961 the concept of Law
he argues that International law is not law in the obvious fullest sense
one of the reasons that there are legal systems and we do accept them,
people are more or less the same
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What can we do to encourage small business in poor countries. One of the things that the wto is supposed to encourage. In the free market thinking it is though that the markets are more efficient. People will buy things that cost less (assuming the same quality) Because people are like this companies do their best to bring the cost down and outsell their competition. We want there to be competing prices because if the government were to set the prices then they may be too high. Competition is supposed to improve what we get. We"re better off with more things than few things (western worlds) Suppose there are two countries a and b, each in their own country, they make the same things, but factory a is more efficient. Free traders would say the best situation for the citizens of country b would be to buy the products from country a.

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