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Essay

Protectionist policies

Essay specific features

 

Issue:

Business

 

Written by:

Cynthia B

 

Date added:

December 6, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1044

 

Was viewed:

8738 times

 

Rating of current essay:

 
Essay content:

The concept of comparative advantage is not utilized, cheaper prices are not developed for consumers and inefficient and uncompetitive industries are allowed to continue to operate. Hence the protectionist policies of increased tariffs, subsidies, quotas and even embargoes impact negatively on both the domestic and global economy...
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The resources of the domestic economy are not being utilized as the resources in the inefficient industries could be better utilized in efficient competitive industries which then can export products overseas, increasing GDP and domestic employment. Singapore for example has implemented economic policy involving very low tariff levels, which has led to the island nation forming internationally competitive industries in refining and finance...
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General issues of this essay:
Discuss the history of Australia regarding trade policies and moving from protectionist to free trade. Economic Concern: Unemployment Rate Protectionist policies Real Exchange Rate Stabilisation and Managed Floating: Exchange Rate Policy in Short Term and Long Term Capital The unemployment rate Unemployment In Australia And Policies To Reduce It Unemployment Rate Unemployment Rate Compare and contrast the domestic policies of Hitler and Mussolini Long Term And Short Term Causes Of The Arab/ Israeli Conflict Canada's Unemployment Rate Natural Rate of Unemployment The Unemployment Rate Free Recall From Short Term Memory And Long Term Memory
 

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