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York University
Administrative Studies
ADMS 1000

Introduction to Administrative Studies ADMS1000 – Summer 2012 – Eytan Lasry Lecture 12 – Exam Review – July 31 Trade Protectionism and Tariffs - What are the problems with trade protectionism? [Opposite of Globalization] o Trade retaliation o Increased costs to consumers o Limits competitiveness of domestic firms - How tariffs affect the economy handout: o Impact on exporting country:  Lower production, job losses, economic decline… o Impact on importing country:  Less competition for domestic firms, rising sales, prices, employment, spending, government revenues…  Increased costs to consumers, less spending on other industries, economic decline, costs of imposing + collecting tariffs, possible costs of retaliation and trade wars… Chapter 6 Textbook Case Discussion - Amazon in Canada p. 138 o Why is this about Globalization/Protectionism?  Foreign ownership restrictions are protectionist measures and counter to globalization i.e. they prevent the free flow of $$... o Potential risks/benefits?  + More competition = better prices, selection, innovation…  - Foreign competition and greater control by large foreign firms = fewer jobs in Canada? Canadian culture will be lost… Ethics of Globalization (Chapter 8 – 188-195) - How to ensure that developing countries benefit from free trade & globalization? - Allow time for their domestic industries to adapt to multinational competition – don’t remove trade barriers too quickly! - Remove tariffs and subsidies protecting industries in developed countries too – free trade must be fair - Ensure governments in developing can provide a social safety net to its needy citizens The Role of Government (Chapter 7) - Taxation: Revenue – Restrictive Taxes - Crown Corporations o Why do we have them? o What are the benefits and disadvantages of crown corps? o Which sectors of the economy should be controlled by the Government and which should be left to the private sector?  Health Care  Education  Military/Defense/Law & Order/Corrections  Retail distribution of beverage alcohol (i.e. LCBO) - Regulation o Modify Behavior – Imperfect Competition – Public Interest - Bailouts and Subsidies o See Exhibit 7.6 p. 156 o Which activities should the government subsidize and why? o Should the government bailout large corporations that are failing? Why? - Government Subsidies in a Global Context Current Trends and Issues - Should the Canadian government protect Canadian corporations from foreign ownership? (See Toronto Star Article handout) o Arguments For:  Core assets and industries should be protected  National security, cultural industries, servicing unprofitable and remote communities  Head offices in Canada will ensure that jobs, R&D, spending on suppliers and related services (law, consltg & acctg firms, IBs…) also remains o Arguments Against :  Corporations are driven by profit not nationalistic motives
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