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Cultural argument for protection |
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Cultural 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.Similar MatchesProtectionismProtectionismAdvocacy of protection. The word has a negative connotation, and few advocates of protection in particular situations will acknowledge being protectionists. Political economy of protectionPolitical economy of protectionThe study of reasons, especially political ones, that countries choose to use protection. Includes models of voting, lobbying, and campaign contributions as these lead policy makers to erect tariffs. Second-best argument for protectionSecond-best argument for protection1. Any argument for protection that can be countered by pointing to a different and less distortionary policy that would achieve the same desired result at lower economic cost. 2. An argument for protection to partially correct an existing distortion in the economy when the first-best policy for that purpose is not available. For example, if domestic production generates a positive externality and a production subsidy to internalize it is not available, then a tariff may be second-best optimal. Effective rate of protectionEffective rate of protectionA measure of the protection provided to an industry by the entire structure of tariffs, taking into account the effects of tariffs on inputs as well as on outputs. Letting bij be the share of input i in the value of output j, the ERP of industry j is ERPj = (tj-Sibijtij)/(1-Sibij). Due to Corden (1966). Nominal rate of protectionNominal rate of protectionThe protection afforded an industry directly by the tariff and/or NTB on its output, ignoring effects of other trade barriers on the industry's inputs. Contrasts with the ERP. Further SuggestionsNoneconomic objectives argument for protectionInvestor Protection Scheme Endogenous protection Mortgage payment protection insurance (MPPI) Infant industry protection Fairness argument for protection Import protection Protection home responsibilities protection Intellectual property protection Patriotism argument for protection Retirement Protection Act of 1994 mortgage protection Building Societies Investor Protection Scheme Content protection Exchange rate protection Environmental protection argument for a trade intervention Labor standards argument for protection Safeguards protection Employment argument for protection Administered protection Consumer Credit Protection Act of 1968 Downside Protection Securities Investor Protection Corporation Domestic distortions argument for protection |
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