BUSI 2701 Lecture Notes - Market Power, Paul Krugman, Infant Industry Argument
5 Mar 2014
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Document Summary
What is the political reality of int trade. Free trade occurs when govt do not attempt to restrict corp/ consumers can legally buy from another country or what they can legally sell to another country. Many nations nominally into free trade, govt still intervenes in int trade for pol reasons. Protecting jobs: the mstn common pol reason for trade restrictions: results from political pressure by unions or industries that are threatened by more efficient foreign producers, and have more political clout than consumers. Canadian defence firms often lobby the govt to apply these provisions for various contracts although they are generally not successful. Municipal govts restrict procurement to local entities (currently a ceta negotiation issue: prevent state owned firms influence (tpp issue: malaysia) Protecting consumer form dangerous products limit unsafe products (lead toys, mad cow) The helms burton act (re cuba) and the d"amato act (re iran and. Removal of barriers for myanmar: ex.
