Business Daily from THE HINDU group of publications
Thursday, May 15, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Thursday, May 15, 2008 ePaper | Mobile/PDA Version | Audio |
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Brand Line
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Books Columns - Book Mark Protecting consumers through protection D. Murali 
International Trade and Economic Development Ed: Sugata Marjit
One of the research essays in International Trade and Economic Development edited by Sugata Marjit ( www.oup.com) is titled ‘Protecting Consumers Through Protection: The Role of Tariff-Based T echnology Transfer.’ A well-directed restrictive trade policy can increase the overall welfare of the country and also help consumers get a better price, the essay notes. “This happens when a tariff induces the foreign firm to transfer its superior technology to the local competitor.” At the critical tariff rate which induces technology transfer, there is a discrete hike in consumers’ surplus, the study finds. "Producers’ surplus increases because the transfer fee internalises the impact of a tariff. At the same time, the local government collects tariff revenues...” A read that can whet the appetite of the avid. More Stories on : Books | Book Mark | Foreign Trade
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