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Buy local protectionism : Comments
By Edward Rees, published 1/4/2009Something for the G20 members to think about on the flight home: 'buy local' is a necessity for post-conflict countries.
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Locally grown, or imported and packaged locally, or just a label being added to the container.
Locally manufactured, just what proportion of components must NOT be imported; what percentage of final production cost relates to local construction, provision of materials, intellectual costing....
What percentage of not local arises due international offset arrangements...
How much will promoting "local" alter consumer prices as paid by local consumers for this product ?
Local sounds nice, but as production has developed it is not so easy to determine... or label.
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