POLS 3125 Lecture Notes - Lecture 21: Mortgage Loan, Life Insurance, Import Substitution Industrialization
20 Dec 2017
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Document Summary
High tariffs and the fdi: a tariff is a tax imposed on imported goods and services. Tariffs are used to restrict trade, as they increase the price of imported goods and services, making them more expensive to consumers: excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product. There are also excise taxes on activities, such as on wagering or on highway usage by trucks. One of the major components of the excise program is motor fuel: until 1879, policies relatively liberal (low taxes, 1879 onwards: higher levels, number of products increased. Indicators of technological dependence: the decline in the proportion of patents to canadian residents, capital investment in plant machinery which can be measured by the origin of new machinery going into the industrial establishment.
