POL 2101 Lecture Notes - Import Substitution Industrialization, Fiscal Policy, Industrial Policy

• School: University of Ottawa
• Department: Political Science
• Course: POL 2101
• Professor: Luc Turgeon

Document Summary

Key terms: economic policy, national policy (first, second and third) Economic policy (governmental action to influence the : different components, monetary policy. It the process by with the central bank regulated the supply of money, and the rate of interience money. If there too much inflastion then prices go up: fiscal policy. Any government policy that involve changes in taxation public broughing and expenditure: industrial policy. You will give grants and money to corporation to expand a certain secture: trade policy. A set of rules that are intended to promote or hinder trade flows: we went from closed trade policy to a more trade policy (ex. Canada and south korea trade policy: different objectives, stimulate (or maintain) economic growth, increase employment, increase economic competitiveness, balance of payments stability. Economic policy in canada: the main actors: federal government, industrial policy. It gives loans and grants to certain corporation, to: monetary policy. Through the bank of canada (largely autonomous: fiscal policy.