Skip to main content

Home/ IB Econ 12 (1)/ Contents contributed and discussions participated by benedetta paccoia

Contents contributed and discussions participated by benedetta paccoia

1More

Do Tariffs Protect an Infant Industry? - Forbes - 0 views

  •  
    1. The article addresses tariffs in relation to the so called 'Infant Industries'. Even though international free trade  helps poorer countries to get out of poverty, tariffs for the protection of an infant industry represent an exception. In fact, they are part of Protectionism which clearly counter attacks international imports, and they aim at giving a chance to developing domestic industries to become stable and efficient so that they can enter in global competition. But even in such case, economists have proved that they do more harm than good.  2. The article is more prone to free international trade, as it criticizes the application of tariffs even in relation to infant industries, as they always provide more disadvantages than benefits. 3. Of course, Infant industries would be protected with the application of tariffs, although these may not be as efficient all the times. However, this means higher costs for government, which weighs on consumers to get tax revenue to support domestic developing industries.
1More

Eradication of hunger & poverty should be top on agenda: India - Economic Times - 0 views

  •  
    1) Distinguish whether or not the article is talking about absolute or relative poverty. Absolute Poverty (people cannot afford basic necessities in India)  2) According to the article what are some possible causes of poverty. The lack of good education and work training do not allow workers to be very productive. In addition, the lack of capital such as modern energy resources contribute to poverty just as the extremely low income rates do.  3) According to the article what seem to be some of the consequences of poverty. Poverty appears to affect global sustainment, it does not offer future employment perspectives to the youth and impedes economic growth, given that the poor do not contribute to increase in national output due to lack of education and working skills.
1 - 3 of 3
Showing 20 items per page