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Balance of payments argument for protection |
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Balance of payments argument for protectionA common reason for restricting imports, especially under fixed exchange rates, when a country is losing international reserves due to a trade deficit. It can be argued that this is a second best argument, since a devaluation could solve the problem without distorting the economy and therefore at smaller economic cost.Similar MatchesLoan protection policyLoan protection policyAn insurance policy in which the insured pays regular premiums in return for insurance against being unable to repay a loan due to accident, sickness or unemployment. In such an event the policy pays a benefit to assist the insured in making the repayments. Call protectionCall protectionA feature of some callable bonds that establishes an initial period when the bonds may not be called. Labor standards argument for protectionLabor standards argument for protectionThe view that trade restrictions (trade sanctions) should be used as a tool to improve labor standards, limiting imports, for example, from countries that do not enforce such labor rights as freedom of association and collective bargaining. Payment protection insurancePayment protection insuranceA type of insurance that pays your loan for you if you become unable to work for an extended period of time, as a result of redundancy, accident, sickness or disability. Most non-mortgage PPI products are taken out for a length of time that corresponds to the life of the loan it is protecting. Cultural argument for protectionCultural argument for protectionThe view that imports undermine a country's culture and identity -- for example by changing consumption patterns to ones more similar to those abroad, or by reducing demands for domestically produced art and music -- and therefore that imports should be restricted. Further SuggestionsSelf-sufficiency argument for protectionConsumer Credit Protection Act of 1968 Political economy of protection Downside Protection Deposit Protection Scheme Administered protection Protection court of protection Retirement Protection Act of 1994 Tariff protection Import protection Infant industry protection mortgage protection Foreign investment argument for protection Nominal rate of protection Patriotism argument for protection Environmental protection argument for a trade intervention Contingent protection National defense argument for protection Domestic distortions argument for protection home responsibilities protection Protectionism Externalities argument for protection Fairness argument for protection Employment argument for protection |
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