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Political economy of protection |
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Political economy of protectionThe 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 MatchesCourt of protectionCourt of protectionAn office of the Supreme Court whose function is to manage and administer the property and affairs of people who, through mental disorder, are incapable of managing their own financial affairs. Marine Mammal Protection ActMarine Mammal Protection ActThe 1972 U.S. law prohibiting the "taking" (harassing, hunting, capturing, or killing) of marine mammals, and also prohibiting the import of any marine mammal product or any fish that has been associated with the taking of marine mammals. See tune-dolphin case. Securities Investor Protection CorporationSecurities Investor Protection CorporationIn the US, a non profit organisation which provides insurance for cash and securities in customer accounts held by approved brokerage firms. Brokers and dealers registered with the Securities and Exchange Commission are obliged to be members of SIPC. In the event that such a firm fails, investors are covered up to a maximum of $500,000 of which no more than $100,000 can be cash. Balance of payments argument for protectionBalance of payments argument for protectionA 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 protectionLabor standards argument for protectionThe 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. Further SuggestionsSafeguards protectionForeign investment argument for protection Consumer Credit Protection Act of 1968 Self-sufficiency argument for protection Environmental protection argument for a trade intervention Domestic distortions argument for protection Effective protection Endogenous protection Intellectual property protection Exchange rate protection Actual protection rate Call protection Nominal rate of protection Employment argument for protection mortgage protection Import protection Patriotism argument for protection Building Societies Investor Protection Scheme Second-best argument for protection Noneconomic objectives argument for protection Mortgage payment protection insurance (MPPI) Protectionism loan protection policy Effective rate of protection Retirement Protection Act of 1994 |
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