ADMS 1000 Lecture Notes - Lecture 8: Consumer Protection, Trade Barrier, Environmental Protection

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

Document Summary

Government has played a major role in fostering industrial development and continues to provide significant support to the business sector. Natural monopolies (electricity: regulates, consumer protection, environmental protection, nature of competition (perfect to imperfect) Guardient of business: assist private business, save jobs if it"s a big industry (chrysler, one time financial support (chrysler, bailouts, subsidies, cash payments, low-interest loans, reduced taxes, unfair competition (constitute a form of trade barrier, just like tariffs) Arguments for: core assets and industries should be protected, national security, cultural industries, serving unprofitable and remote communities, head office in canada will ensure jobs, r&d, spending on suppliers and related services. Arguments against: corporations are driven by profit not nationalistic motives, protected firms are less efficient, productive, innovative, competitiveand costs to consumers are likely increased, violates spirit and letter of free trade laws and agreements and may invite retaliation. Is the reduction in the number of laws and regulations affecting business activity.