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GLOBAL MARKETS IN ACTION (The Case Against Protection (Helps an infant…
GLOBAL MARKETS IN ACTION
How Global Markets Work
International Trade Today
What Drives International Trade?
A Market with Imports
A Market with Exports
International Trade Restrictions
Tariffs
Import quotas
Other import barriers
Export subsidies
The Case Against Protection
Helps an infant industry grow.
Counteracts dumping.
Saves domestic jobs.
Allows us to compete with cheap foreign labour.
Penalizes lax environmental standards.
Prevents rich countries from exploiting developing countries.
Reduces offshore outsourcing that sends good Canadian jobs to other countries.
