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The Effects of Protectionism on a Small Country

Author: Michael Bahaamonde Connolly

Publisher: World Bank Publications

Published: 1994-01-01

Total Pages: 186

ISBN-13: 9780821327883

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"Competently executed series of studies on the distorted trade regime of Uruguay until the late 1980s and the effect of protectionism on a variety of economic outcomes. Topics covered range from the political economy of trade distortions to the sectoral impact of specific regulations. Worth reading"--Handbook of Latin American Studies, v. 57.

Book Synopsis The Effects of Protectionism on a Small Country by : Michael Bahaamonde Connolly

Download or read book The Effects of Protectionism on a Small Country written by Michael Bahaamonde Connolly and published by World Bank Publications. This book was released on 1994-01-01 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Competently executed series of studies on the distorted trade regime of Uruguay until the late 1980s and the effect of protectionism on a variety of economic outcomes. Topics covered range from the political economy of trade distortions to the sectoral impact of specific regulations. Worth reading"--Handbook of Latin American Studies, v. 57.

The Effects of Protectionism on a Small Country

Author: Michael Connolly

Publisher:

Published: 1994

Total Pages: 172

ISBN-13:

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Book Synopsis The Effects of Protectionism on a Small Country by : Michael Connolly

Download or read book The Effects of Protectionism on a Small Country written by Michael Connolly and published by . This book was released on 1994 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Effects of Protectionism on a Small Country

Author: Michael Bahaamonde Connolly

Publisher:

Published: 1996

Total Pages: 172

ISBN-13:

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Book Synopsis The Effects of Protectionism on a Small Country by : Michael Bahaamonde Connolly

Download or read book The Effects of Protectionism on a Small Country written by Michael Bahaamonde Connolly and published by . This book was released on 1996 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Impact of Protectionism on the Long Run Economic Growth of a Country - A Brief Review

Author: IBSS. Irugalbandara

Publisher:

Published: 2019

Total Pages:

ISBN-13:

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Protectionism is an economic policy which is imposed by the government in order to confine international trade through various methods such as regulating import tariffs, subsidies, import quotas and direct state intervention. Economists and policymakers have identified many impacts of trade protectionism on short and long-term effects on a country's economic growth as well as the influence of protectionism on the economic growth is a debatable topic in the commercial world. This paper based on a vigorous literature review depicts a general overview and the contemporary state of knowledge regarding the protectionism and an understanding about the extent to which the protectionism aids to improve the long-run economic growth of a country. Through the critical analysis of data, it can be stressed out that protectionism has a negative impact on economic growth and economic welfare while there exists a significant positive impact of free trade, less trade barriers and deregulation on economic growth. Protectionism might be effective in the short-term economic growth, but mostly in the long term, it is harmful. It creates the country and its trades less competitive in international business. Long-term economic growth is influenced by a range of factors other than trade protectionism, and therefore it is important to control protectionism when considering the links between growth and such policies cautiously in order to eradicate aftermath risks it could have on a long-run economy as well as globally. According to the comprehensive review of data, it can be perceived that threats of protectionism are more than their benefits which underline protectionism is not a solution for issues in long-run economic growth.

Book Synopsis Impact of Protectionism on the Long Run Economic Growth of a Country - A Brief Review by : IBSS. Irugalbandara

Download or read book Impact of Protectionism on the Long Run Economic Growth of a Country - A Brief Review written by IBSS. Irugalbandara and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Protectionism is an economic policy which is imposed by the government in order to confine international trade through various methods such as regulating import tariffs, subsidies, import quotas and direct state intervention. Economists and policymakers have identified many impacts of trade protectionism on short and long-term effects on a country's economic growth as well as the influence of protectionism on the economic growth is a debatable topic in the commercial world. This paper based on a vigorous literature review depicts a general overview and the contemporary state of knowledge regarding the protectionism and an understanding about the extent to which the protectionism aids to improve the long-run economic growth of a country. Through the critical analysis of data, it can be stressed out that protectionism has a negative impact on economic growth and economic welfare while there exists a significant positive impact of free trade, less trade barriers and deregulation on economic growth. Protectionism might be effective in the short-term economic growth, but mostly in the long term, it is harmful. It creates the country and its trades less competitive in international business. Long-term economic growth is influenced by a range of factors other than trade protectionism, and therefore it is important to control protectionism when considering the links between growth and such policies cautiously in order to eradicate aftermath risks it could have on a long-run economy as well as globally. According to the comprehensive review of data, it can be perceived that threats of protectionism are more than their benefits which underline protectionism is not a solution for issues in long-run economic growth.

The Collapse of Global Trade, Murky Protectionism, and the Crisis

Author: Richard E. Baldwin

Publisher:

Published: 2011-03

Total Pages: 112

ISBN-13: 9781907142239

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The global financial crisis of 2008/9 is the Great Depression of the 21st century. For many though, the similarities stop at the Wall Street Crash as the current generation of policymakers have acted quickly to avoid the mistakes of the past. Yet the global crisis has made room for mistakes all of its own. While governments have apparently kept to their word on refraining from protectionist measures in the style of 1930s tariffs, there has been a disturbing rise in "murky protectionism." Seemingly benign, these crisis-linked policies are twisted to favour domestic firms, workers and investors. This book, first published as an eBook on VoxEU.org in March 2009, brings together leading trade policy practitioners and experts - including Australian Trade Minister Simon Crean and former Mexican President Ernesto Zedillo. Initially its aim was to advise policymakers heading in to the G20 meeting in London, but since the threat of murky protectionism persists, so too do their warnings.

Book Synopsis The Collapse of Global Trade, Murky Protectionism, and the Crisis by : Richard E. Baldwin

Download or read book The Collapse of Global Trade, Murky Protectionism, and the Crisis written by Richard E. Baldwin and published by . This book was released on 2011-03 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis of 2008/9 is the Great Depression of the 21st century. For many though, the similarities stop at the Wall Street Crash as the current generation of policymakers have acted quickly to avoid the mistakes of the past. Yet the global crisis has made room for mistakes all of its own. While governments have apparently kept to their word on refraining from protectionist measures in the style of 1930s tariffs, there has been a disturbing rise in "murky protectionism." Seemingly benign, these crisis-linked policies are twisted to favour domestic firms, workers and investors. This book, first published as an eBook on VoxEU.org in March 2009, brings together leading trade policy practitioners and experts - including Australian Trade Minister Simon Crean and former Mexican President Ernesto Zedillo. Initially its aim was to advise policymakers heading in to the G20 meeting in London, but since the threat of murky protectionism persists, so too do their warnings.

Macroeconomic Consequences of Tariffs

Author: Davide Furceri

Publisher: International Monetary Fund

Published: 2019-01-15

Total Pages: 57

ISBN-13: 1484390067

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We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using a panel of annual data that spans 151 countries over 1963-2014. We find that tariff increases lead, in the medium term, to economically and statistically significant declines in domestic output and productivity. Tariff increases also result in more unemployment, higher inequality, and real exchange rate appreciation, but only small effects on the trade balance. The effects on output and productivity tend to be magnified when tariffs rise during expansions, for advanced economies, and when tariffs go up, not down. Our results are robust to a large number of perturbations to our methodology, and we complement our analysis with industry-level data.

Book Synopsis Macroeconomic Consequences of Tariffs by : Davide Furceri

Download or read book Macroeconomic Consequences of Tariffs written by Davide Furceri and published by International Monetary Fund. This book was released on 2019-01-15 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using a panel of annual data that spans 151 countries over 1963-2014. We find that tariff increases lead, in the medium term, to economically and statistically significant declines in domestic output and productivity. Tariff increases also result in more unemployment, higher inequality, and real exchange rate appreciation, but only small effects on the trade balance. The effects on output and productivity tend to be magnified when tariffs rise during expansions, for advanced economies, and when tariffs go up, not down. Our results are robust to a large number of perturbations to our methodology, and we complement our analysis with industry-level data.

What's Wrong with Protectionism

Author: Pierre Lemieux

Publisher: Rowman & Littlefield

Published: 2018-08-27

Total Pages: 142

ISBN-13: 1538122138

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Putting tariffs on imported goods or setting other barriers to international trade can be tempting for politicians. They assume that many of their constituents believe that free trade is not fair trade and that other countries aren’t playing by the rules. This belief makes it easy for industry leaders to demand protection for their businesses and their workers—to “put America first.” But Americans should resist the siren calls of protectionism. In this highly relevant protectionism primer, Pierre Lemieux shows what can happen if they don’t. As the author demonstrates, trade between any two countries is fair for the same reasons as exchange between two individuals: it is to the benefit of both. Lemieux carefully refutes the arguments of those who would curtail Americans’ access to the benefits of international commerce—from the claim that we can boost economic growth by reducing imports to the belief that free trade leads to “shipping jobs overseas.” Yes, manufacturing jobs are declining in this country and have been since the 1950s. But, as Lemieux points out, that’s in large part because Americans are making more advanced products more efficiently—that’s our comparative advantage. And this is happening as less-developed countries are producing more labor-intensive, low-tech goods—that’s their comparative advantage. All parties to a trade benefit. Lemieux shows how free trade improves the lives of American consumers, especially the poor. The narrow agenda of the protectionists—to protect a small minority of producers at the expense of millions of their fellow Americans—is the wrong path for an increasingly diverse and complex economy. This concise primer shows you why.

Book Synopsis What's Wrong with Protectionism by : Pierre Lemieux

Download or read book What's Wrong with Protectionism written by Pierre Lemieux and published by Rowman & Littlefield. This book was released on 2018-08-27 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Putting tariffs on imported goods or setting other barriers to international trade can be tempting for politicians. They assume that many of their constituents believe that free trade is not fair trade and that other countries aren’t playing by the rules. This belief makes it easy for industry leaders to demand protection for their businesses and their workers—to “put America first.” But Americans should resist the siren calls of protectionism. In this highly relevant protectionism primer, Pierre Lemieux shows what can happen if they don’t. As the author demonstrates, trade between any two countries is fair for the same reasons as exchange between two individuals: it is to the benefit of both. Lemieux carefully refutes the arguments of those who would curtail Americans’ access to the benefits of international commerce—from the claim that we can boost economic growth by reducing imports to the belief that free trade leads to “shipping jobs overseas.” Yes, manufacturing jobs are declining in this country and have been since the 1950s. But, as Lemieux points out, that’s in large part because Americans are making more advanced products more efficiently—that’s our comparative advantage. And this is happening as less-developed countries are producing more labor-intensive, low-tech goods—that’s their comparative advantage. All parties to a trade benefit. Lemieux shows how free trade improves the lives of American consumers, especially the poor. The narrow agenda of the protectionists—to protect a small minority of producers at the expense of millions of their fellow Americans—is the wrong path for an increasingly diverse and complex economy. This concise primer shows you why.

The Structure and Evolution of Recent U.S. Trade Policy

Author: Robert E. Baldwin

Publisher: University of Chicago Press

Published: 2008-04-15

Total Pages: 452

ISBN-13: 0226036537

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The trade policies addressed in this book have far-reaching effects on the world's increasingly interdependent economies, but until now little research has been devoted to them. This volume represents the first systematic effort to analyze specific U.S. trade policies, particularly nontariff measures. It provides a better understanding of how trade policies operate, how effective they are, and what their costs and benefits are to trading nations. The contributors chart the history of U.S. trade policy since World War II, analyze industry-specific trade barriers, and discuss the effects of tariff preferences and export-promoting policies such as export credits and domestic international sales corporations (DISCs). The final section of essays examines the worldwide impact of import policies, pointing out subtleties in industry-specific policies and providing insight into the levels of protection in developing countries. The contributors blend state-of-the-art economics with language that is accessible to the business community, economists, and policymakers. Commentaries accompany each paper.

Book Synopsis The Structure and Evolution of Recent U.S. Trade Policy by : Robert E. Baldwin

Download or read book The Structure and Evolution of Recent U.S. Trade Policy written by Robert E. Baldwin and published by University of Chicago Press. This book was released on 2008-04-15 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: The trade policies addressed in this book have far-reaching effects on the world's increasingly interdependent economies, but until now little research has been devoted to them. This volume represents the first systematic effort to analyze specific U.S. trade policies, particularly nontariff measures. It provides a better understanding of how trade policies operate, how effective they are, and what their costs and benefits are to trading nations. The contributors chart the history of U.S. trade policy since World War II, analyze industry-specific trade barriers, and discuss the effects of tariff preferences and export-promoting policies such as export credits and domestic international sales corporations (DISCs). The final section of essays examines the worldwide impact of import policies, pointing out subtleties in industry-specific policies and providing insight into the levels of protection in developing countries. The contributors blend state-of-the-art economics with language that is accessible to the business community, economists, and policymakers. Commentaries accompany each paper.

Trade, the Damage from Alien Species, and the Effects of Protectionism Under Alternate Market Structures

Author: Amitrajeet A. Batabyal

Publisher:

Published: 2008

Total Pages: 39

ISBN-13:

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We first construct three measures of the expected damage from the unintentional introduction of alien species into a country called Home. We then focus on four market structures. First, perfect competition prevails in both Home and Foreign and Home is a small country. Second, the Home and the Foreign markets are both perfectly competitive but Home is now a large country. Third, the exporter in Foreign is a monopolist and there are no import competing firms in Home. Finally, the Foreign exporter and the import competing firm in Home engage in Cournot competition. In all four scenarios, we analyze the impact of small and optimal Home tariffs on prices, exports, imports, the damage from alien species, and social welfare, in Home. Inter alia, our analysis identifies conditions under which it makes sense to use trade policy (tariffs) to regulate invasive species and conditions under which it does not.

Book Synopsis Trade, the Damage from Alien Species, and the Effects of Protectionism Under Alternate Market Structures by : Amitrajeet A. Batabyal

Download or read book Trade, the Damage from Alien Species, and the Effects of Protectionism Under Alternate Market Structures written by Amitrajeet A. Batabyal and published by . This book was released on 2008 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: We first construct three measures of the expected damage from the unintentional introduction of alien species into a country called Home. We then focus on four market structures. First, perfect competition prevails in both Home and Foreign and Home is a small country. Second, the Home and the Foreign markets are both perfectly competitive but Home is now a large country. Third, the exporter in Foreign is a monopolist and there are no import competing firms in Home. Finally, the Foreign exporter and the import competing firm in Home engage in Cournot competition. In all four scenarios, we analyze the impact of small and optimal Home tariffs on prices, exports, imports, the damage from alien species, and social welfare, in Home. Inter alia, our analysis identifies conditions under which it makes sense to use trade policy (tariffs) to regulate invasive species and conditions under which it does not.

Flexible Exchange Rates and Employment Policy

Author: Robert Alexander Mundell

Publisher:

Published: 1961

Total Pages: 22

ISBN-13:

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Book Synopsis Flexible Exchange Rates and Employment Policy by : Robert Alexander Mundell

Download or read book Flexible Exchange Rates and Employment Policy written by Robert Alexander Mundell and published by . This book was released on 1961 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: