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Effective protection |
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Effective protectionThe concept that the protection provided to an industry depends on the tariffs and other trade barriers on both its inputs and its outputs, since a tariff on inputs raises cost. Measured by the effective rate of protection.Similar MatchesEndogenous protectionEndogenous protectionProtection that is explained as the outcome of economic and/or political forces. See political economy of protection. Safeguards protectionSafeguards protectionImport protection provided under the Safeguards Clause. Tariff protectionTariff protectionProtection provided by a tariff. Foreign investment argument for protectionForeign investment argument for protectionThe use of protection to attract FDI from abroad. It does work, since much FDI has been motivated by firms trying to get behind a tariff wall to sell their products. In an otherwise nondistorted economy, however, the cost in terms of more expensive goods is higher than the benefit from additional capital. Self-sufficiency argument for protectionSelf-sufficiency argument for protectionThe view that a country is better off providing for its own needs than depending on imports. It may be based on fear that war or foreign governments will interrupt imports. This is a second-best argument, since many policies could provide for that contingency without sacrificing all the gains from trade. Further SuggestionsMortgage payment protection insurance (MPPI)Noneconomic objectives argument for protection Patriotism argument for protection Consumer Credit Protection Act of 1968 Administered protection Payment protection insurance Domestic content protection Second-best argument for protection Domestic distortions argument for protection Cultural argument for protection Infant industry protection Investor Protection Scheme Fairness argument for protection Protectionism Exchange rate protection Balance of payments argument for protection Labor standards argument for protection Building Societies Investor Protection Scheme Retirement Protection Act of 1994 Political economy of protection mortgage protection Intellectual property protection National defense argument for protection home responsibilities protection Call protection |
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