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What's Wrong with Protectionism
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 bene...
The New Protectionism
This monograph questions the benefits of free trade, arguing that, far from promoting prosperity for all those involved, free trade only serves a narrow range of interests, primarily for the large corporations who conduct it. The authors claim that the consequences of present arrangements and those promised under the new GATT agreement will increase the difference between the world's rich and poor and accelerate the destruction of the global environment. The authors suggest instead that trading arrangements should emphasize regional self-sufficiency and the overall amount of trade should be reduced.
Peddling Protectionism
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 ...
Classical Trade Protectionism 1815-1914
This 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.
Protectionism and Economic Revival
The impact of protectionism is a contentious policy issue. This book evaluates the effects of protectionism on the British inter-war economy and argues that trade policies should be constructed in the context of prevailing economic conditions, not solely with reference to theoretical perspectives.
Protectionism
"Through a combination of text, quotations, cartoons, tables, charts, and graphs, Bhagwati ... looks at the forces for and against protection."--Jacket.
Resisting Protectionism
Milner explores the similarities between the economic conditions of the 1920s and the 1970s, where both Western Europe and the U.S. had high unemploymnet rates and sizeable agricultural and industrial overcapacity. She draws on evidence from six U.S. industries in the 1920s, six U.S. firms in the 1970s, and six French industries in the 1970s, and concludes that in the 1970s both nations had corporations with international market interests than they had in the 1920s. She believes that in modern industrial nations, the corporate sector plays an important role in policy determination, and that any move toward protectionism would be at the behest of large corporations with international interests. ISBN 0-691-05670-6: $29.50.
British Protectionism and the International Economy
This 2003 book examines the forces behind the British abandonment of free trade in the 1930s.
The Limits Of Protectionism
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 si...
