A tariff policy is two-sided and may be compared to a wall. Every export from a country is some other country's import, and every tariff imposition, while apparently a domestic law to bring in a revenue or build up home industries, is, at the same time the means of keeping out some other country's exports. Too often, we look upon only one side of the wall--our own side. We are likely to regard the tariff as a means of controlling the inflow of foreign goods or as a means of raising revenue. But to understand the tariff policy and employ it to its fullest advantage or disadvantage we must be willing and capable of looking over the wall to understand the effect of a tariff--or any other commercial policy--on the aims and aspirations of other nations.

Section 103(b)(4)(A) the Internal Revenue Code was examined to determine its e££ectiveness in helping to achieve the goal of the federal government's low income housing policy--"a decent home and a suitable living environment for every American family." A theoretical analysis of the general excise subsidy model on which this program is based highlighted certain empirical factors on which to focus to determine the potential effectiveness of the program. A theoretical analysis of the particular mechanism used resulted in a measure of effectiveness of providing a subsidy through tax-exempt bond financing. Empirical analysis basically showed that the mechanism is ineffective. Therefore, recent recommendations to abolish Section 103(b)(4)(A) are sound. / M.A.

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No abstract available. / Thesis (M.Com.)-University of Durban-Westville, 2002.