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Economics: Turn Around Is Fair Game
Part I of Essay
America's size and prosperity have made it the largest consumer of
imported products in the world. Brightly lit shopping malls adorned with the
latest foreign-made apparel, gadgets and trinkets, testify to the vast selection
of goods available for purchase. There is a da .... Part II of Essay
.... subsidize the manufacturing
processes of certain industries so their companies can displace the
competition's industry. The television industry is a perfect example of
subsidized dumping. The post World War II infusion of subsidized Japanese-made
televisions, terminated the United States(U.S.) television manufacturing
industry. In the late 1950's, half a million units crossed our borders, tax and
tariff free. These television sets were made using cheaper components and
cheaper labor. However, the cost of transportation, which would ....
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Words: 847 - Pages: 4
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