Oldie, but Goodie

I was reading a TrendMacro post from June 21, 2004, and must say that I agreed with the message. Basically, the post was asserting that if tarrifs were decreased, developing countries would actually be better off. Alhtough there is a mega trend in books, and the media, etc. that highlights how much industrialized nations are dependant upon cheap labor, and products from abroad, there are still those that are likely discouraged by having to cough up pricey tariffs, and thus may be influenced to decrease, or stop their purchases. That being said, I think that it would be a good idea to keep a lid on tariff prices. Surely, product purchases would increase, even from developing countries' most avid supporters, which would only help them attain more profitability in the long run.

1 comment:

Dr. Tufte said...

Tariffs are just another way to use the threat of someone far away to take advantage of your neighbor.