The Effects of Protectionist Policies on Trade
- Why might a country in an early stage of economic and technical development want to limit importation of goods from more developed countries?
- When the U. S. enacts tariffs on lumber imported from Canada who in the U. S. benefits from that tariff (not counting the government itself since that's where the money paid as a tariff goes)? Who's hurt?
- What is the impact of global commerce on world peace?
- Those of you who have lived and/or worked outside the U.S., can you add additional examples and/or experiences that might benefit the rest of us?
- Did anything you learned in this chapter surprise you? How? Why?