MGAD40H3 Lecture Notes - Canadian Wine, French Wine, Liquor Control Board Of Ontario
23 Apr 2013
School
Department
Course
Professor
Document Summary
Why should we buy american software, when we can make our own in india- closed minded thinking. India accussed of making it difficult to export stuff into india. Countries engage in protectionism protect local jobs and industries by making in difficult for foreign countries to sell their stuff in the domestic market. Things that gvmts do, additional costs/laws to make it more expensive/harder/longer for domestic market to import foreign goods. Why do gvmts place barriers on intl trade- to make it difficult for foreign business to trade with domestic businesses to preserve jobs here. A fee, or a cost, imposed on an item imported into a country- a tax. A simple example is: bottled wine made in canada vs bottled wine made in france. , and the one made in france is . Problem- we do have a domestic wine industry- niagara region makes a living in tourism industry making wines. Eventually the 13 bottle will go out of business.
