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Infant industry protection |
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Infant industry protectionProtection of a newly established domestic industry that is less productive than foreign producers. If productivity will rise with experience enough to pass Mill's and Bastable's tests, there is a second-best argument for protection. The term is very old, but a classic treatment may be found in Baldwin (1969).Similar MatchesExchange rate protectionExchange rate protectionThe manipulation of the exchange rate so as to increase the domestic prices of, and demand for, domestically produced goods. Since an undervalued currency stimulates demand for all domestically produced tradable goods, this form of protection, unlike tariff protection, can only be provided to the tradable sector as a whole, not to individual industries. Building Societies Investor Protection SchemeBuilding Societies Investor Protection SchemeA 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. Domestic content protectionDomestic content protectionUse of trade policies such as domestic content requirements to increase the portion of a product's value that is provided by domestic factors of production, either in direct production or through produced inputs. 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. Mortgage protectionMortgage protectionTerm assurance to cover the repayment of a mortgage in the event of the death of the mortgagor during the period of the loan.In the case of a repayment mortgage the capital sum outstanding is gradually reduced over the term of the loan (albeit slowly during the initial years when the majority of the repayments are paying the interest) so that decreasing term assurance would be incorporated in the policy. For an endowment mortgage where the sum assured and the death benefit are at least equal to the amount of the loan throughout the term of the loan, level term assurance would be apt. Further SuggestionsSecurities Investor Protection CorporationBalance of payments argument for protection Consumer Credit Protection Act of 1968 home responsibilities protection Externalities argument for protection Safeguards protection court of protection Protection Employment argument for protection protection applied Patriotism argument for protection Environmental protection argument for a trade intervention Protectionism Actual protection rate Intellectual property protection Investor Protection Scheme Domestic distortions argument for protection Labor standards argument for protection Mortgage payment protection insurance (MPPI) Import protection Nominal rate of protection Content protection Tariff protection Self-sufficiency argument for protection Retirement Protection Act of 1994 |
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