By United Nations
Banana costs in the ecu Union are nearly double international degrees. those costs are maintained by way of restrictive import quotas and price lists that generate rents that accrue to manufacturers and vendors. the eu Union is obliged to take away its quantitative regulations and exchange them with price lists which are prone to supply choice to present quota holders from ACP international locations. symptoms are rather small share of the rents are at present accruing to ACP manufacturers and the loss in hire will be greater than offset by way of the growth of ecu imports.
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Extra resources for Banana Split: How EU Policies Divide Global Producers
As Stalin and his planners saw it, the first priority in this triage effort was investment in heavy industry and machine tool production. By contrast, resources in a market economy first go to the production of consumer goods.
Because they were so constrained and because Russian authorities continued to fear Western ways, foreigners had a relatively minor impact on Russian business practices, commercial codes, and operating mores. This fear of foreign contamination was also evident during the Soviet years when foreigners in the Soviet Union were again required to live in special compounds and guarded twenty-four hours a day by Soviet police. Intellectual contact was similarly restricted. Russians were required to report unauthorized contact with foreigners to the KGB, and normally only specially entrusted “big brothers” were authorized to meet with foreigners whether inside or outside the USSR.
What followed was unprecedented. After a prolonged Civil War and a New Economic Policy (NEP) retreat to markets and private trade, Josef Stalin ordered the collectivization of agriculture and the nationalization of the means of production. With the state in control of agriculture, industry, and trade, he then instituted central planning, imposing on the country procedures that heretofore had been utilized by only a few of the world’s largest corporations. Boycotted by most of the governments of the rest of the world, the Soviet Union stood apart, determined to prove that central planning was a more effective way to bring about economic growth than the market and private enterprise.
Banana Split: How EU Policies Divide Global Producers by United Nations