Protectionism - Australian Protectionist Party, British Commonwealth Union, Buy American ACT, Corn Laws, Economic Nationalism, Empire (Paperback)

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 28. Chapters: Australian Protectionist Party, British Commonwealth Union, Buy American Act, Corn Laws, Economic nationalism, Empire Marketing Board, Imperial Preference, Infant industry, Infant industry argument, Liberal Protectionist, National Policy, Neo-protectionism, Offset agreement, Protectionism in the United States, Protectionist Party (Sweden), Protection or Free Trade, The Council of Canadians, Voluntary export restraints. Excerpt: Defense offset agreements are legal trade practices in the aerospace and military industries. These commercial practices do not need state regulations but, since the purchasers are mostly military departments of sovereign nations comparable to the US Defense Department, many countries have offset laws, public regulations or, alternatively, formal internal offset policies. The international names for these commercial practices connected to weapons trade are various: industrial compensations, industrial cooperation, offsets, industrial and regional benefits, balances, juste retour or equilibrium, to define mechanisms more complex than counter-trade. Offset agreements are protectionist, and distort competition. Counter-trade can also be considered one of the many forms of defense offset, to compensate a purchasing country. The main difference between a generic offset and counter-trade, both common practices in the international defense trade, is the involvement of money. In counter-trade goods are paid through barters or other mechanisms without the exchange of money, while in other defense offsets money is the measure and the medium of exchange. An offset agreement is an agreement between two parties whereby a supplier agrees to buy products from the party to whom it is selling, in order to win the buyer as a customer and offset the buyer's outlay. Generally the seller is a foreign company...