ADMS 1000 Lecture Notes - Toronto Star, Liquor Control Board Of Ontario, Netflix

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: All

Document Summary

Lecture 12 exam review july 31. [opposite of globalization: trade retaliation, increased costs to consumers, limits competitiveness of domestic firms. How tariffs affect the economy handout: impact on exporting country: Lower production, job losses, economic decline : 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 . + more competition = better prices, selection, innovation . 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 . Ensure governments in developing can provide a social safety net to its needy free trade must be fair citizens. Retail distribution of beverage alcohol (i. e. lcbo) Should the canadian government protect canadian corporations from foreign ownership? (see toronto star article handout: arguments for: