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Politics : American Presidential Politics and foreign affairs

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To: DuckTapeSunroof who wrote (39797)	12/22/2009 7:15:12 PM
From: TimF	Read Replies (1) of 71588

Do they or DON'T they? I think such contract exist to a limited extent, but they aren't always allowed or enforced, and as long as you have the re-importation ban they haven't been necessary. What about announcing the ban will go away in 5 years (long enough to give some adjustment time to the new legal regime), but that contracts banning re-importation would be allowed and fully enforced? (The problem is it might be hard to get other countries' cooperation.) This is the real world we are talking about here, not some university debating society. And Mankiw was discussing the real world implications of policies. His example of drugs for poor African countries was a good one. Such drug sales do happen, and might be threatened by a lifting of the ban on re-importation. In principle I'm against such bans, but in practice, in the context of price-descrimination-charity, lifting them can be problematic for the poorest in the world. There might be ways to work around that problem, but its not the largest one. Without some barrier to re-entry (contract or statue) you can wind up effectively importing the price controls from other countries.

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