Japan taxes rice imports at nearly 800 percent.This policy is most likely a result of __________.

Question

Quizplus · Accepted Answer

The high tax on rice imports is most likely due to the influence and power of the domestic rice growers in Japan. They have been able to lobby the government to protect their industry from foreign competition, resulting in high tariffs and barriers to entry for foreign rice producers. This policy is not necessarily a rejection of free-market concepts or globalization, but rather a protectionist measure for a specific industry. There is no evidence to suggest that this policy is a result of Thatcherism, as this ideology is associated with the UK and not Japan.

Japan Taxes Rice Imports at Nearly 800 Percent