Chapter 7 - Gov Pol & Inter Trade

Beschreibung

Tariffs Subsidies Quotas Protectionism
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Zusammenfassung der Ressource

Chapter 7 - Gov Pol & Inter Trade
  1. Tariff - tax levied on imports
    1. Subsidy - govt payment to domestic producer
      1. Import quotas & voluntary export restraints
        1. Political arguments for intervention
          1. Protecting jobs & industries
            1. Protecting National Security
              1. Retaliation
                1. Protecting Consumers
                  1. Furthering Foreign Policy Objectives
                  2. Economic Arguments for intervention
                    1. Infant industry
                      1. Strategic trade policy
                      2. GATT - general agreement Tariffs and Trade
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