SOCIOL 2E06 Lecture Notes - Lecture 4: Cultural Capital, Neoliberalism
20 Dec 2016
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Document Summary
Nation state protects its own industries and workers. The goal of the isi is to protect national industries through a mix of tariffs on imported goods, state subsidies, and price controls. Protected industries are expected to grow, provide employment, and replace the need for for- eign imports of manufactured goods. Canadians would be able to payer higher prices for goods produced under isi and at the same time have funds to pay for imported goods that are not produced in canada. Assumption that canadian can do this by being highly efficient commodity export- ers. Canada suffered economically in periods when the demand and prices for its commodity exports fell. There are issues with the number of skilled workers relied on immigration in nation building projects being pursued by economic and political elites. The issue of who owns the manufacturing plants that develop in the context of tariff protections. Nation leaves it to the free play of market.
