Infant industry protection
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).
Environmental protection argument for a trade interventionEnvironmental protection argument for a trade intervention
The view that trade should be restricted in order to help the environment. Examples include embargos on imports made from endangered species, limits on imports produced by methods harmful to the atmosphere, and restrictions on investment into locations with lax environmental standards. This is usually a second-best argument.
Noneconomic objectives argument for protectionNoneconomic 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.
Intellectual property protectionIntellectual property protection
Laws that establish and maintain ownership rights to intellectual property. The principal forms of IP protection are patents, trademarks, and copyrights.
Administered protectionAdministered protection
Protection (tariff or NTB) resulting from the application of any one of several statutes that respond to specified market circumstances or events, usually as determined by an administrative agency. Several such statutes are permitted under the GATT, including anti-dumping duties, countervailing duties, and safeguards protection.
Exchange rate protectionExchange rate protection
The 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.
Second-best argument for protection
Political economy of protection
Payment protection insurance
Labor standards argument for protection
Fairness argument for protection
Patriotism argument for protection
loan protection policy
Nominal rate of protection
court of protection
Domestic content protection
Employment argument for protection
Building Societies Investor Protection Scheme
Effective rate of protection
Cultural argument for protection
home responsibilities protection
Actual protection rate
Externalities argument for protection
Consumer Credit Protection Act of 1968