can someone please give me another example for this ASAP!?
October 18th, 2011so here is an example of something i read and then at the bottom it asked me a question:
In 1985, the EU banned imports of meat derived from animals treated with growth hormones. The EU said that the ban was motivated by health concerns. However, the U.S. beef industry saw it as protectionism, an unfair attempt to shield European producers from American competition. What followed became known as the Beef War.
How else might health and environmental concerns affect trade?
so i was wondering can someone please give me another example so i can fully understand it i really need it ASAP please help me and thank you
p.s- have a nice day! ![]()
Lots of ways. There was the BSE scare that affected US beef prices on the shelf when Canadian beef was restricted, and what if Kyoto or some successor to it calls for less meat production because meat is resource intensive and generates too much methane gas?
What I can say for certain is that every action gets a call from business that fund elections to politicians to get payback if a trade barrier goes up that affects their livelyhood. In commodities, protectionism is a fundamental concern, and it is costly every time it happens because it gets reflected on the other side of the trade cycle, if not for the very same commodity, then for other products from the same trading partner. If you want to see just what that can do, look up the Smoot-Hawley act on wikipedia.