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National defense argument for protection |
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National defense argument for protectionThe argument that imports should be restricted in order to sustain a domestic industry so that it will be available in case of trade disruption due to war. This is a second best argument, since there are a variety of ways of providing for defense at lower economic cost, including production subsidies, mothballing, and stockpiling.Similar MatchesNominal 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. Safeguards protectionSafeguards protectionImport protection provided under the Safeguards Clause. 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. Endogenous protectionEndogenous protectionProtection that is explained as the outcome of economic and/or political forces. See political economy of protection. Actual protection rateActual protection rateImplicit tariff. Further SuggestionsCultural argument for protectionContent protection Noneconomic objectives argument for protection Fairness argument for protection Deposit Protection Scheme Employment argument for protection Self-sufficiency argument for protection court of protection Downside Protection Foreign investment argument for protection Consumer Credit Protection Act of 1968 Contingent protection Administered protection Effective rate of protection protection applied loan protection policy Balance of payments argument for protection Payment protection insurance Protection Mortgage payment protection insurance (MPPI) Building Societies Investor Protection Scheme Infant industry protection Exchange rate protection Externalities argument for protection Labor standards argument for protection |
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