EECS 1530 Lecture Notes - Lecture 1: International Trade
21 Jun 2018
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EECS 1530 Lecture 1 Notes
Introduction
Policies to Punish Country Governments
Some of the components used in U.S. military plane production are produced in China
and imported by the plane manufacturers.
To appreciate the extent of disagreement on such issues, try to obtain a consensus
answer on any of these questions from your fellow students.
If students without hidden agendas cannot agree on an answer, imagine the level of
disagreement among owners or employees of U.S. and foreign firms that have much to
gain (or loss) from whatever international trade and investment policy is implemented.
It is difficult to distinguish between a trade or investment restriction that enhances
national security versus one that unfairly protects a U.S. firm from foreign competition.
This same dilemma is faced not only by the United States, of course, but also by most
other countries.
International trade policy issues have become even more contentious over time as
people have come to expect that trade policies will be used to punish country
governments for various actions.
Many expect countries to restrict imports from countries that fail to enforce
environmental laws or child labor laws, initiate war against another country, or are
unwilling to participate in a war against an unlawful dictator of another country.
Every international trade convention now attracts a large number of protesters, all of
whom have their own agendas.
International trade may not even be the focus of each protest, but some protesters view
its elimination (or reduction) as a desirable outcome.
Although most protesters are clearly dissatisfied with existing trade policies, there is no
consensus on what trade policies should become.
These different views are similar to the disagreements that occur between government
representatives when they try to negotiate international trade policy.
Document Summary
Some of the components used in u. s. military plane production are produced in china and imported by the plane manufacturers. To appreciate the extent of disagreement on such issues, try to obtain a consensus answer on any of these questions from your fellow students. Every international trade convention now attracts a large number of protesters, all of whom have their own agendas. International trade may not even be the focus of each protest, but some protesters view its elimination (or reduction) as a desirable outcome. The extent of disagreement on such issues, try to obtain a consensus answer on any of these questions from your fellow students. It is difficult to distinguish between a trade or investment restriction that enhances national security versus one that unfairly protects a u. s. firm from foreign competition. This same dilemma is faced not only by the united states, of course, but also by most other countries.
