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New and Old Economic Theories
CHAPTER 3The Need for Import Controls
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Agricultural argument Australia average balance of payments capital cent Christchurch commodities customs duties De-Licensing demand developed countries earn Economic Council Economic Development effect equipment established European Economic Community expansion fact farm population farmers figures fluctuations following table foreign exchange free trade full employment Gross Domestic Product growing hand import controls import licensing import substituting industries increase indus industrial countries instance International Monetary Fund international trade investment maintain manufacturing industries ment micro-economic Monetary and Economic monopoly Myrdal national income national product Netherlands North Island NZ million opportunity cost output overseas percentage period policies possible primary exporting countries primary producing countries protection of industry question rate of growth raw materials reduce restrictions rise risen secondary industries slow Source Sutch system of import table shows terms of trade tertiary employment tion trend United Kingdom volume wage wool workers Zealand economy Zealand exports Zealand industry Zealand manufacturers