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Author: J.H. Dales Publisher: University of Toronto Press ISBN: 1442638001 Category : Business & Economics Languages : en Pages : 213
Book Description
Canadian historians have always looks favourably on Macdonald's national policies, including the protective tariff. On the other hand, the canons of economic theory have little or nothing to say in favour of protection. Professor Dales attempts in these essays to bridge this gap between trade theory and the standard interpretation of Canadian development. In the first three essays he is concerned with relaxing the rigorous assumptions of labour and capital immobility that characterize theoretical writings on international trade in order to make them more applicable to Canada, for it must be recognized that large movements of labour and capital both into and out of the country have been one of the most important features of the Canadian economy today. The next three chapters discuss the probable historical effects of Canadian protection in the light of the modified theory. Professor Dales makes statistical comparisons between the economic development of Canada and the United States in order to identify the main differences between the patterns of economic growth in the two countries and to throw light on the large and persistent gap between the Canadian and American standards of living. The last two essays are in the nature of provocative "squibs" designed to break up some of the hard-core conventional wisdom about the Canadian economy. Although free trade versus protection has long been a dormant issue in policy discussions, it never quite disappears from the scene. Professor Dales persists in thinking that free trade—with all countries and unilaterally if necessary—is the best policy for Canada. The controversial issues raised by these essays are of the highest importance not only to historians and economists but to all in any way concerned with the public policies of this country. The book focuses our attention on a basic antinomy of Canadian life and thought that has been little recognized and by its stimulating analysis will help to form the shape of our continuing "nation-alysis."
Author: J.H. Dales Publisher: University of Toronto Press ISBN: 1442638001 Category : Business & Economics Languages : en Pages : 213
Book Description
Canadian historians have always looks favourably on Macdonald's national policies, including the protective tariff. On the other hand, the canons of economic theory have little or nothing to say in favour of protection. Professor Dales attempts in these essays to bridge this gap between trade theory and the standard interpretation of Canadian development. In the first three essays he is concerned with relaxing the rigorous assumptions of labour and capital immobility that characterize theoretical writings on international trade in order to make them more applicable to Canada, for it must be recognized that large movements of labour and capital both into and out of the country have been one of the most important features of the Canadian economy today. The next three chapters discuss the probable historical effects of Canadian protection in the light of the modified theory. Professor Dales makes statistical comparisons between the economic development of Canada and the United States in order to identify the main differences between the patterns of economic growth in the two countries and to throw light on the large and persistent gap between the Canadian and American standards of living. The last two essays are in the nature of provocative "squibs" designed to break up some of the hard-core conventional wisdom about the Canadian economy. Although free trade versus protection has long been a dormant issue in policy discussions, it never quite disappears from the scene. Professor Dales persists in thinking that free trade—with all countries and unilaterally if necessary—is the best policy for Canada. The controversial issues raised by these essays are of the highest importance not only to historians and economists but to all in any way concerned with the public policies of this country. The book focuses our attention on a basic antinomy of Canadian life and thought that has been little recognized and by its stimulating analysis will help to form the shape of our continuing "nation-alysis."
Author: Douglas A. Irwin Publisher: University of Chicago Press ISBN: 022639901X Category : Political Science Languages : en Pages : 873
Book Description
A Foreign Affairs Best Book of the Year: “Tells the history of American trade policy . . . [A] grand narrative [that] also debunks trade-policy myths.” —Economist Should the United States be open to commerce with other countries, or should it protect domestic industries from foreign competition? This question has been the source of bitter political conflict throughout American history. Such conflict was inevitable, James Madison argued in the Federalist Papers, because trade policy involves clashing economic interests. The struggle between the winners and losers from trade has always been fierce because dollars and jobs are at stake: depending on what policy is chosen, some industries, farmers, and workers will prosper, while others will suffer. Douglas A. Irwin’s Clashing over Commerce is the most authoritative and comprehensive history of US trade policy to date, offering a clear picture of the various economic and political forces that have shaped it. From the start, trade policy divided the nation—first when Thomas Jefferson declared an embargo on all foreign trade and then when South Carolina threatened to secede from the Union over excessive taxes on imports. The Civil War saw a shift toward protectionism, which then came under constant political attack. Then, controversy over the Smoot-Hawley tariff during the Great Depression led to a policy shift toward freer trade, involving trade agreements that eventually produced the World Trade Organization. Irwin makes sense of this turbulent history by showing how different economic interests tend to be grouped geographically, meaning that every proposed policy change found ready champions and opponents in Congress. Deeply researched and rich with insight and detail, Clashing over Commerce provides valuable and enduring insights into US trade policy past and present. “Combines scholarly analysis with a historian’s eye for trends and colorful details . . . readable and illuminating, for the trade expert and for all Americans wanting a deeper understanding of America’s evolving role in the global economy.” —National Review “Magisterial.” —Foreign Affairs
Author: Arye L. Hillman Publisher: Taylor & Francis ISBN: 1136455493 Category : Business & Economics Languages : en Pages : 178
Book Description
This book examines how trade policy is determined in democratic countries, and illustrates how protectionist policies are engendered by political processes that allow groups to pursue their own interests.
Author: Douglas A. Irwin Publisher: Princeton University Press ISBN: 1400888425 Category : Business & Economics Languages : en Pages : 265
Book Description
A history of America's most infamous tariff The Smoot-Hawley tariff of 1930, which raised U.S. duties on hundreds of imported goods to record levels, is America's most infamous trade law. It is often associated with—and sometimes blamed for—the onset of the Great Depression, the collapse of world trade, and the global spread of protectionism in the 1930s. Even today, the ghosts of congressmen Reed Smoot and Willis Hawley haunt anyone arguing for higher trade barriers; almost single-handedly, they made protectionism an insult rather than a compliment. In Peddling Protectionism, Douglas Irwin provides the first comprehensive history of the causes and effects of this notorious measure, explaining why it largely deserves its reputation for combining bad politics and bad economics and harming the U.S. and world economies during the Depression. In four brief, clear chapters, Irwin presents an authoritative account of the politics behind Smoot-Hawley, its economic consequences, the foreign reaction it provoked, and its aftermath and legacy. Starting as a Republican ploy to win the farm vote in the 1928 election by increasing duties on agricultural imports, the tariff quickly grew into a logrolling, pork barrel free-for-all in which duties were increased all around, regardless of the interests of consumers and exporters. After Herbert Hoover signed the bill, U.S. imports fell sharply and other countries retaliated by increasing tariffs on American goods, leading U.S. exports to shrivel as well. While Smoot-Hawley was hardly responsible for the Great Depression, Irwin argues, it contributed to a decline in world trade and provoked discrimination against U.S. exports that lasted decades. Peddling Protectionism tells a fascinating story filled with valuable lessons for trade policy today.
Author: William Thomas Easterbrook Publisher: McGill-Queen's Press - MQUP ISBN: 9780886290214 Category : Business & Economics Languages : en Pages : 314
Book Description
Focusing mainly on the staple theory, this collection of essays clearly shows the impact the great staple trades from cod and fur to newsprint and oil had upon Canadian history. Other significant frames of reference-the role of government, the development of commercial agriculture, the climate of enterprise and capital formation-are also represented.
Author: Richard Pomfret Publisher: Routledge ISBN: 1136593713 Category : Business & Economics Languages : en Pages : 233
Book Description
First Published in 2005. The aim of this book is to provide an introduction to and interpretation of the development of the Canadian economy since European settlement. The main contrast between the book’s view and previous interpretations of Canada’s economic past is that, instead of emphasizing the continuity of Canadian economic development (with staple exports playing the leading role), the focus is on the transition from the sparsely populated colonial economy of the early nineteenth century to the modern economy ranking among the seven largest market economies whose leaders now meet for economic summits.
Author: J.H. Dales
Author: J.H. Dales
Author: Douglas A. Irwin
Author: United States. Congress. Senate. Committee on Finance
Author: Kathleen Edith Dunlop
Author: Arye L. Hillman
Author: Douglas A. Irwin
Author: Friedrich List
Author: William Thomas Easterbrook
Author: 
Author: Richard Pomfret