12 Facts About Tariff


Tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods.

FactSnippet No. 1,584,158

Tariff believed that duties on raw materials should be generally low.

FactSnippet No. 1,584,159

Tariff believed that political independence was predicated upon economic independence.

FactSnippet No. 1,584,160

Tariff noted that exports were 7 percent of GNP in 1929, they fell by 1.

FactSnippet No. 1,584,161

Tariff concluded that contrary the popular argument, contractionary effect of the tariff was small.

FactSnippet No. 1,584,162

Tariff considers that infant industry protection policy has generated much better growth performance in the developing world than free trade policies since the 1980s.

FactSnippet No. 1,584,163

Tariff pointed out that the reduction of wages led to a reduction in national demand which constrained markets.

FactSnippet No. 1,584,164

Tariff criticised, for example, the neoclassical assumption of wage adjustment.

FactSnippet No. 1,584,165

Tariff criticised the static dimension of the theory of comparative advantage, which, in his view, by fixing comparative advantages definitively, led in practice to a waste of national resources.

FactSnippet No. 1,584,166

Tariff thus proposed the search for a certain degree of self-sufficiency.

FactSnippet No. 1,584,167

Tariff defends the idea of producing on national soil when possible and reasonable and expresses sympathy for the advocates of protectionism.

FactSnippet No. 1,584,168

Tariff considered that quotas could be more effective than currency depreciation in dealing with external imbalances.

FactSnippet No. 1,584,169