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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (8282)	9/6/2001 3:14:40 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 74559

marcos - ...Well nobody even tried to answer my very on-topic question - #reply-16301745 ... this is the 'coming financial collapse' thread, is it not ... do waves of protectionism and the responses to them presage impending contraction of trade? ... i propose that they stand every chance of so doing Of course protectionism will result in the contraction of trade, but the effects on different countries' economies will show wide variations, but never positive ones. As I alluded to with CB, import tariffs first and foremost damage the citizens of the importing country that enacts them by effectively reducing the standard of living. Just as the local supermarket has no call on my business except by providing a quality product at a satisfactory price, Canadian resource exporters can offer their products to the US, but cannot demand that the US buy them. If Canada decides to either sell its products elsewhere or cut back production in an attempt to make the US see common sense, it can attempt to do so, but the threat may not be credible when it requires one set of producers to suffer for another set. Regards, Don