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Protectionism
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Book Synopsis Protectionism by : Jagdish N. Bhagwati
Download or read book Protectionism written by Jagdish N. Bhagwati and published by MIT Press. This book was released on 1988 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Through a combination of text, quotations, cartoons, tables, charts, and graphs, Bhagwati ... looks at the forces for and against protection."--Jacket.
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.
Book Synopsis Resisting Protectionism by : Helen V. Milner
Download or read book Resisting Protectionism written by Helen V. Milner and published by Princeton University Press. This book was released on 2021-02-09 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why didn't the protectionist spiral of the 1920s reappear in the 1970s in light of similar economic and political realities? In Resisting Protectionism, Helen Milner analyzes the growth of international economic interdependence and its effects on trade policy in the United States and France. She argues that the limited protectionist response of the 1970s stems from the growth of firms' international economic ties, which reduces their interest in protection by increasing its cost. Thus firms with greater international connections will be less protectionist than more domestically oriented firms. The book develops this thesis by examining the international ties of export dependence, multinationality, and global intra-firm trade. After studying selected U.S. industries, Milner also examines French firms to see if they respond to increased interdependence in the same way as American firms, despite their different historical, ideological, and political contexts.
Book Synopsis The Limits of Protectionism by : Michael Lusztig
Download or read book The Limits of Protectionism written by Michael Lusztig and published by University of Pittsburgh Pre. This book was released on with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conventional wisdom holds that free trade is economically beneficial to nations. But this does not prevent industries and interest groups from lobbying their governments for protection, which creates a fear of electoral backlash among politicians hoping to promote free trade. The Limits of Protectionism demonstrates how governments can attain those economic benefits while avoiding the political costs. Michael Lusztig's theoretical model focuses on a process by which protectionists can be pushed to restructure and compete in a global economy. In this process, a small cutback in domestic protection leads to lost market shares at home; producers must then turn to overseas exports, and, as the size of foreign profits grow, former protectionists become active advocates for more and greater free trade opportunities. In a wide-ranging array of case studies—from nineteenth-century Britain to Depression-era United States to contemporary New Zealand, Australia, Brazil, Canada, Chile, and Mexico—Lusztig reveals that, if skillfully handled, governments can eliminate the obstacles to free trade and enjoy continued economic growth without fear of protectionist groups seeking revenge at the ballot box.
Book Synopsis Trade and Protectionism by : Takatoshi Ito
Download or read book Trade and Protectionism written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2007-12-01 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the first three decades following the Second World War, an increasingly open international trading system led to unprecedented economic growth throughout the world. But in recent years, that openness has been threatened by increased protectionism, regional trading arrangements—Europe 1992 and the U.S.-Canada Free Trade Agreement—and setbacks in negotiations on the General Agreement on Tariffs and Trade. In Trade and Protectionism, American and East Asian scholars consider the dangers of this trend for the world economy and especially for East Asian countries. The authors look at the current global trading system and at the potential threats to East Asian economies from possible regional arrangements, such as separate trading blocks in the Western Hemisphere and Europe. They cover trade between the United States and Japan, Korea and Japan, and Japanese-East Asian trade policies; trade in agriculture and semiconductors and the frictions that have jeopardized this trade; and direct foreign investment. The contributors round out the work with discussions of the political economy of protection in Korea and Taiwan and political economy considerations as they affect trade policy in general. This is the second volume of the National Bureau of Economic Research-East Asia Seminar on Economics. The first volume, The Political Economy of Tax Reform, also edited by Takatoshi Ito and Anne O. Krueger, addresses tax reform in the global economy.
Book Synopsis William McKinley, Apostle of Protectionism by : Quentin R. Skrabec
Download or read book William McKinley, Apostle of Protectionism written by Quentin R. Skrabec and published by Algora Publishing. This book was released on 2008 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: This biography, focused on McKinley''s unusual view of protectionism, a labor-business alliance, and American exceptionalism, offers striking parallels to today as the US struggles to define its international role and to determine the best blend of free trade, protectionism, and immigration. William McKinley was the first US president to address globalization; his legacy in protectionism and immigrant labor offer lessons for the current era. He orchestrated an alliance between big business and the American worker that ushered in one of the greatest periods of growth ever known in the US economy. Yet McKinley has been in the shadow of his successor Theodore Roosevelt for over a hundred years. As Chairman of the Ways and Means Committee, McKinley had forged a tariff bill in 1888 that united a nation that was still divided between North and South, East and West. His continued efforts to support free trade, protected by managed markets in the tradition of Henry Clay, and worker benefits like those provide by George Westinghouse, led to a great economic compromise. Further, with revolutionary, visionary rhetoric laden with America''s economic manifest destiny he appealed to everyone from the steelworkers of Pittsburgh to the New York bankers. He articulated a uniting philosophy: Free trade in the United States is founded upon a community of equalities and reciprocities...[F]ree foreign trade admits the foreigner to equal privileges with our citizens. It invites the product of foreign cheap labor to this market in competition with the domestic, representing better paid labor [albeit with tariffs to protect that domestic product]. McKinley''s vision built the industrial base of the nation. By the end of his presidency the American steel, glass, rubber, oil, machinery and electrical appliance industries dominated the world. He was one of America''s most popular presidents. As his funeral train crossed the nation in 1901, factory workers and captains of industry alike stood along the rails to mourn him. Never since has such a political alliance between labor and management been forged. He was the last president to build a voting alliance between laborers, immigrant workers, and capitalists. That alliance was marred by famous labor strikes and the building of great trusts, yet he still managed to sweep the labor votes in the great industrial centers due to his belief in reciprocity and protectionism. McKinley''s role as a dinner pail Republican offers insights into how America can approach today''s globalization with the best interests of the home team in mind.
Book Synopsis Classical Trade Protectionism 1815-1914 by : Jean-Pierre Dormois
Download or read book Classical Trade Protectionism 1815-1914 written by Jean-Pierre Dormois and published by Routledge. This book was released on 2006-11-22 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Including contributions from such figures as Douglas Irwin, James Foreman-Peck, Kevin O'Rourke and Max-Stefan-Schulze, this key book summarizes the recent empirical research carried out on the issue of the classical period of trade protectionism. It provides a basis for revising widely held views on the standard effects of tariffs on economic structures and progress, as well as a historical perspective on recent developments. Long-held views on modern trade policies have been challenged by the introduction of recent theoretical developments in international economics and in measurement techniques brought about in the 1960s and 70s. One question in particular has attracted attention and has contributed to the bringing to light of a number of previously ignored measurement and interpretation problems: the assessment of French and British nineteenth century trade policies. This noteworthy volume examines the theoretical and practical problems associated with the assessment and measurement of the direct impact of tariffs, prohibitions and quotas on domestic prices, output structure and competitiveness. The contributors also examine the direct and long-run consequences of protectionist measures on particular economies, utilizing evidence from in-depth investigations of trade statistics as well as ‘best practice’ statistical techniques such as effective protection, elasticity of demand and revealed comparative advantage.
Book Synopsis Remaking U.S. Trade Policy by : Nitsan Chorev
Download or read book Remaking U.S. Trade Policy written by Nitsan Chorev and published by Cornell University Press. This book was released on 2007 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chorev focuses on trade liberalization in the United States from the 1930s to the present as she explores the political origins of today's global economy.
Book Synopsis Peddling Protectionism by : Douglas A. Irwin
Download or read book Peddling Protectionism written by Douglas A. Irwin and published by Princeton University Press. This book was released on 2017-10-24 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Smoot-Hawley tariff of 1930, which raised U.S. duties on hundreds of imported goods to record levels, is America's most infamous trade law. It is often associated with--and sometimes blamed for--the onset of the Great Depression, the collapse of world trade, and the global spread of protectionism in the 1930s. Even today, the ghosts of congressmen Reed Smoot and Willis Hawley haunt anyone arguing for higher trade barriers; almost single-handedly, they made protectionism an insult rather than a compliment. In Peddling Protectionism, Douglas Irwin provides the first comprehensive history of the causes and effects of this notorious measure, explaining why it largely deserves its reputation for combining bad politics and bad economics and harming the U.S. and world economies during the Depression. In four brief, clear chapters, Irwin presents an authoritative account of the politics behind Smoot-Hawley, its economic consequences, the foreign reaction it provoked, and its aftermath and legacy. Starting as a Republican ploy to win the farm vote in the 1928 election by increasing duties on agricultural imports, the tariff quickly grew into a logrolling, pork barrel free-for-all in which duties were increased all around, regardless of the interests of consumers and exporters. After Herbert Hoover signed the bill, U.S. imports fell sharply and other countries retaliated by increasing tariffs on American goods, leading U.S. exports to shrivel as well. While Smoot-Hawley was hardly responsible for the Great Depression, Irwin argues, it contributed to a decline in world trade and provoked discrimination against U.S. exports that lasted decades. Featuring a new preface by the author, Peddling Protectionism tells a fascinating story filled with valuable lessons for trade policy today.
Book Synopsis International Trade Policies in the Era of Globalization by : Co?kun zer, Ahu
Download or read book International Trade Policies in the Era of Globalization written by Co?kun zer, Ahu and published by IGI Global. This book was released on 2019-07-05 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: Though globalization has removed commercial walls between countries and implemented new international trade policies, trade barriers still exist. Due to the various political barriers surrounding other countries, the future of world trade has become uncertain. Understanding these barriers and their implications is imperative to implementing successful foreign trade policies. International Trade Policies in the Era of Globalization provides relevant theoretical frameworks and the latest empirical research findings on international trade and improves the understanding of the strategic role of trade policies and their importance in the global economy. The content within this publication contains reports on global trade, trade wars, and foreign policy. This research is designed for policymakers, government officials, economists, business professionals, researchers, and international business students.
Book Synopsis Protectionism and World Welfare by : Dominick Salvatore
Download or read book Protectionism and World Welfare written by Dominick Salvatore and published by Cambridge University Press. This book was released on 1993-09-23 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume addresses highly topical issues at a crucial time in international economic relations. The world has never been closer to dismantling the liberal multilateral trading system which has been painstakingly established and successfully operated since the Second World War. In this volume many of the world's most distinguished economists examine the movement toward protectionism, bilateralism, and regionalism, and its causes, effects, and possible solutions. The contributors are theorists, researchers, and advisors to governments and international organizations who are at the forefront of trade theory, policy, and practice, and whose analyses have a real impact on international trade. By collecting together these analyses in a single volume, this book provides a unique survey for students and scholars of economics, and all those concerned with trade theory and policy in business and government.
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.
Book Synopsis Power and Protectionism by : David B. Yoffie
Download or read book Power and Protectionism written by David B. Yoffie and published by Columbia University Press. This book was released on 1983 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: Available for the first time in English, this is the definitive account of the practice of sexual slavery the Japanese military perpetrated during World War II by the researcher principally responsible for exposing the Japanese government's responsibility for these atrocities. The large scale imprisonment and rape of thousands of women, who were euphemistically called "comfort women" by the Japanese military, first seized public attention in 1991 when three Korean women filed suit in a Toyko District Court stating that they had been forced into sexual servitude and demanding compensation. Since then the comfort stations and their significance have been the subject of ongoing debate and intense activism in Japan, much if it inspired by Yoshimi's investigations. How large a role did the military, and by extension the government, play in setting up and administering these camps? What type of compensation, if any, are the victimized women due? These issues figure prominently in the current Japanese focus on public memory and arguments about the teaching and writing of history and are central to efforts to transform Japanese ways of remembering the war. Yoshimi Yoshiaki provides a wealth of documentation and testimony to prove the existence of some 2,000 centers where as many as 200,000 Korean, Filipina, Taiwanese, Indonesian, Burmese, Dutch, Australian, and some Japanese women were restrained for months and forced to engage in sexual activity with Japanese military personnel. Many of the women were teenagers, some as young as fourteen. To date, the Japanese government has neither admitted responsibility for creating the comfort station system nor given compensation directly to former comfort women. This English edition updates the Japanese edition originally published in 1995 and includes introductions by both the author and the translator placing the story in context for American readers.
Book Synopsis The Global Political Economy of Trade Protectionism and Liberalization by : Tony Heron
Download or read book The Global Political Economy of Trade Protectionism and Liberalization written by Tony Heron and published by Routledge. This book was released on 2012-06-25 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given the widely-accepted premise that free trade is the best means of maximising overall societal welfare, why has it proven so difficult to achieve in certain industries? This book tackles arguably the most perennial and deep-rooted of all questions in political economy, and questions the incumbent orthodox liberal theories of collective action. Using a historical institutionalist framework to explore and explain the political economy of trade protectionism and liberalization, this book is based on detailed case studies of the textiles and clothing sector in the EU, United States, China, Caribbean Basin and sub-Saharan Africa. From this, the book expands to discuss the origins of trade protectionism and examine the wider political effects of liberalization, offering an explanation of why a successful conclusion to the WTO ‘Doha’ round has proven to be so elusive. The book argues that the regulation of global trade - and the economic consequences that this has for both developed and developing countries - has been the result of the particular way in which trade preferences are mediated through political institutions. The Global Political Economy of Trade Protectionism and Liberalization will be of interest to those studying and researching international and comparative political economy, developing area studies, economics, law and geography.
Book Synopsis Liberal Protectionism by : Vinod K Aggarwal
Download or read book Liberal Protectionism written by Vinod K Aggarwal and published by Univ of California Press. This book was released on 2024-07-26 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: What does organized trade portend for the future of the post-World War II trading order? Are we seeing a transition from liberalism to protectionism? These questions are central to Vinod K. Aggarwal's penetrating analysis of conflict and cooperation in trade among developed and less developed countries. In his examination of the evolution of organized trade, Aggarwal specifically analyses international regimes in textile and apparel trade. The author uses an original theoretical approach to investigate international regimes. Why are regimes desirable? Aggarwal shows how such accords can protect broader arrangements, allow countries to control one another's behavior, and minimize information and organization costs in negotiations. Several factors account for the form of regimes. The strength of regimes is enhanced by an asymmetry of international power. A hegemon is more willing and able to maintain a regime. Both the nature and scope of regimes are determined by the relative degree of trade competition and cognitive consensus among actors. As trade competition increases, and actors decide to link related issues, regimes become more protectionist in their goals and wider in their coverage. Aggarwal's theory successfully accounts for the transformation of international regimes in textile trade, demonstrating the importance of systematically incorporating international level factors into our theories. His empirical work is based on extensive archival research and interviews with key negotiators. Aggarwal concludes that the pattern of international cooperation which evolved in textile trade provides a portrait of the future for trade in other industrial sectors. He finds the trend of arrangements in textile trade disturbing and argues that organized trade will not prevent--and may in fact promote a slide from liberalism to protectionism. Regimes originally developed to counter protectionism may evolve into systems of organized protection that encourage neither efficiency nor equity. A lucid analysis of recent historical developments in textile trade, this study sheds light on the movement toward increasing protection in other sectors of trade as well. It is a significant work that will prove valuable to those who study international trade and regimes. This title is part of UC Press's Voices Revived program, which commemorates University of California Press's mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1986.
Book Synopsis Global Protectionism by : David Greenaway
Download or read book Global Protectionism written by David Greenaway and published by Springer. This book was released on 2016-07-27 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The last two decades have seen significant changes in the pattern of protectionism, both in terms of the instruments used, and the countries affected. The papers in this volume address all aspects of global protectionism. As well as evaluating aspects of regional protectionism, the papers also address new issues such as trade in services and trade related investment measures. The contributors are drawn from Western Europe, North America, Japan and Latin America, reflecting the breadth of coverage of the volume.
Book Synopsis Depression & Protectionism by : Forrest Capie
Download or read book Depression & Protectionism written by Forrest Capie and published by Routledge. This book was released on 2013-11-05 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: Depression and Protectionism considers the case of the oldest advocate of free trade and its greatest exponent, Britain, and examines the developments that led to the reversal of that policy in the 1930s. It also discusses the consequences of the protectionst policy for the domestic economy. * Discusses the most important debate in international economics * Using an explicit economic framework, the book examines the economic origins of the industrial tariff in Britain.
