Therefore even if the government intervention reduces economic output in the short-term, the economy will see long-term benefits from the policies. This is a variation of the infant industry argument, which suggests that emerging industries need additional protections and that such protections will ultimately be paid for with a strong industry. However, to adopt such an assumption is essentially a gamble. The government would, with the increased regulations, be betting on different technologies and industries, in the hopes that they would emerge in the future to be stronger than the existing ones. The tactics, however, are suspect. The infant industry argument is based on providing subsidies or protections from foreign competition -- direct harm does not come to...
In other words, there is no up-front cost to infant industry protections. By enacting regulations to guide consumer and business decisions, however, the government is imposing an up-front cost directly to Americans. It does so not knowing the outcome, and not having even a reasonable estimation of the outcome. As a result, the government's regulations amount to a gamble.
General Motors, along with the other major American automotive manufactures, fought attempts to instate more stringent emissions requirements upon vehicles. Toyota worked on its hybrid fleet, using research and development to answer the challenge posed by environmental regulators. Ideally, this is the response of companies to regulation, and the prosperity of Toyota and the failure of GM was once viewed as a cautionary tale. As consumers do not always
Environmental Regulations in Public Transit The negative effects of air pollution are that it can force illness on us. It can produce burning eyes and nose and an itchy, irritated throat, in addition to difficulty in breathing. The cause for certain diseases like cancer, birth defects, brain and nerve injury and long-standing wound to the lungs and breathing passages is found to be some chemicals in polluted air. Severe injury or
Regulating Oil and Gas Drilling and Transport The American economy runs on energy produced from oil, coal, natural gas, hydroelectric power, nuclear power and renewable sources like solar and wind energies. In fact according to a report in the Congressional Research Service, oil provides the United States with 40% of its total energy needs. It is used in myriad ways, providing "…fuel for the transportation, industrial, and residential sectors" (Ramseur, 2012).
Environmental Justice in the United States: Policies, Beliefs & People/Places Involved During the course of my college career, my interests and passions have changed, gradually evolving to an intensified mix of all that my Interdisciplinary Studies major encompasses. I began my college career seeking a Mass Communication degree; a course of study that focused primarily on community organization and mobilization. After feeling the harsh reality of advertising and public relations evils, I
As the author and activist Michael Pollan has noted: "The only way you can keep a cow alive getting this much corn [necessary to fatten the animal] would be with antibiotics. And they get large quantities of antibiotics with their feed every day. They get rumensin, which is technically an ionophore. it's a kind of antibiotic that helps with the bloat and the acidosis. And then they get tylosin,
Environmental Economics Economics and Nature Conservation From early childhood, one is taught of the importance of the surrounding environment in all human activities. Forests for instance are crucial sources of fresh air and clean water, as well as raw commodities that support life. Nevertheless, mankind continues to trash the woodlands, and as such jeopardize the future of the next generations. In a context in which next to 5 million hectares of forests
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