Political economy of protection

 

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Political economy of protection

The 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.



Similar Matches

Environmental protection argument for a trade intervention

Environmental 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.


Balance of payments argument for protection

Balance of payments argument for protection

A common reason for restricting imports, especially under fixed exchange rates, when a country is losing international reserves due to a trade deficit. It can be argued that this is a second best argument, since a devaluation could solve the problem without distorting the economy and therefore at smaller economic cost.


Labor standards argument for protection

Labor standards argument for protection

The view that trade restrictions (trade sanctions) should be used as a tool to improve labor standards, limiting imports, for example, from countries that do not enforce such labor rights as freedom of association and collective bargaining.


Employment argument for protection

Employment argument for protection

The use of a tariff or other trade restriction to promote employment, either in the economy at large or in a particular industry. This is a second best argument, since other policies -- such as a fiscal stimulus or a production subsidy -- could achieve the same effect at lower economic cost.


Retirement Protection Act of 1994

Retirement Protection Act of 1994

Legislation designed to protect the pension benefits of workers and retirees by increasing required support of pension plans by employers.


Further Suggestions

Consumer Credit Protection Act of 1968
Protectionism
Content protection
Exchange rate protection
Building Societies Investor Protection Scheme
Protection
Investor Protection Scheme
Noneconomic objectives argument for protection
Mortgage payment protection insurance (MPPI)
Actual protection rate
Import protection
Deposit Protection Scheme
Tariff protection
home responsibilities protection
Downside Protection
Marine Mammal Protection Act
Labor standards argument for protection
loan protection policy
Domestic distortions argument for protection
Endogenous protection
Contingent protection
Fairness argument for protection
protection applied
Second-best argument for protection
Foreign investment argument for protection


 
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