Balance of payments argument for protection

 

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Balance of payments argument for protection

A 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 Matches

Intellectual property protection

Intellectual property protection

Laws that establish and maintain ownership rights to intellectual property. The principal forms of IP protection are patents, trademarks, and copyrights.


Loan protection policy

Loan protection policy

An 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.


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Notion that governments should protect domestic industry from import competition by means of tariffs, quotas, and other trade barriers.


Noneconomic objectives argument for protection

Noneconomic objectives argument for protection

The view that a restriction on imports may serve a purpose outside of conventional economic models. Unless that purpose is itself the restriction of trade, then this is a second-best argument, since changes in output, consumption, etc. can be achieved at lower economic cost in other ways.


Building Societies Investor Protection Scheme

Building Societies Investor Protection Scheme

A scheme set up to give limited protection to people with share and/or deposit accounts in authorised building societies which fail. Building societies are regulated and supervised by the Financial Services Authority and this scheme was replaced by the Financial Services Compensation Scheme (FSCS) in December 2001. In the case of an authorised building society being wound up there is a provision to pay compensation of 90% of a person's shares and/or deposits up to a set maximum.


Further Suggestions

Nominal rate of protection
Downside Protection
Domestic distortions argument for protection
Self-sufficiency argument for protection
Political economy of protection
National defense argument for protection
Mortgage payment protection insurance (MPPI)
Contingent protection
Effective rate of protection
Effective protection
Tariff protection
Actual protection rate
Marine Mammal Protection Act
Infant industry protection
Cultural argument for protection
Labor standards argument for protection
Protectionism
Externalities argument for protection
Domestic content protection
Call protection
Investor Protection Scheme
Employment argument for protection
Labor standards argument for protection
Retirement Protection Act of 1994
court of protection


 
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