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The Limits Of Protectionism

2010-06-15 Political Science
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Release : 2010-06-15
Genre : Political Science
Kind : eBook
Book Rating : 563/5 ( reviews)

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Book Synopsis The Limits Of Protectionism by : Michael Lusztig

Download or read book The Limits Of Protectionism written by Michael Lusztig. This book was released on 2010-06-15. Available in PDF, EPUB and Kindle. Book excerpt: Conventional wisdom holds that free trade is economically beneficial to nations. But this does not prevent industries and interest groups from lobbying their governments for protection, which creates a fear of electoral backlash among politicians hoping to promote free trade. The Limits of Protectionism demonstrates how governments can attain those economic benefits while avoiding the political costs.Michael Lusztig's theoretical model focuses on a process by which protectionists can be pushed to restructure and compete in a global economy. In this process, a small cutback in domestic protection leads to lost market shares at home; producers must then turn to overseas exports, and, as the size of foreign profits grow, former protectionists become active advocates for more and greater free trade opportunities.In a wide-ranging array of case studies—from nineteenth-century Britain to Depression-era United States to contemporary New Zealand, Australia, Brazil, Canada, Chile, and Mexico—Lusztig reveals that, if skillfully handled, governments can eliminate the obstacles to free trade and enjoy continued economic growth without fear of protectionist groups seeking revenge at the ballot box.

The Limits Of Protectionism

2010-06-15 Political Science
Download The Limits Of Protectionism PDF Online Free

Author :
Release : 2010-06-15
Genre : Political Science
Kind : eBook
Book Rating : 565/5 ( reviews)

GET EBOOK


Book Synopsis The Limits Of Protectionism by : Michael Lusztig

Download or read book The Limits Of Protectionism written by Michael Lusztig. This book was released on 2010-06-15. Available in PDF, EPUB and Kindle. Book excerpt: Conventional wisdom holds that free trade is economically beneficial to nations. But this does not prevent industries and interest groups from lobbying their governments for protection, which creates a fear of electoral backlash among politicians hoping to promote free trade. The Limits of Protectionism demonstrates how governments can attain those economic benefits while avoiding the political costs.Michael Lusztig's theoretical model focuses on a process by which protectionists can be pushed to restructure and compete in a global economy. In this process, a small cutback in domestic protection leads to lost market shares at home; producers must then turn to overseas exports, and, as the size of foreign profits grow, former protectionists become active advocates for more and greater free trade opportunities.In a wide-ranging array of case studies—from nineteenth-century Britain to Depression-era United States to contemporary New Zealand, Australia, Brazil, Canada, Chile, and Mexico—Lusztig reveals that, if skillfully handled, governments can eliminate the obstacles to free trade and enjoy continued economic growth without fear of protectionist groups seeking revenge at the ballot box.

The Limits of Free Trade

1889 Free trade
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Release : 1889
Genre : Free trade
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis The Limits of Free Trade by : G. Buchanan

Download or read book The Limits of Free Trade written by G. Buchanan. This book was released on 1889. Available in PDF, EPUB and Kindle. Book excerpt:

Peddling Protectionism

2017-10-24 Business & Economics
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Release : 2017-10-24
Genre : Business & Economics
Kind : eBook
Book Rating : 425/5 ( reviews)

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Book Synopsis Peddling Protectionism by : Douglas A. Irwin

Download or read book Peddling Protectionism written by Douglas A. Irwin. This book was released on 2017-10-24. Available in PDF, EPUB and Kindle. Book excerpt: A history of America's most infamous tariff The Smoot-Hawley tariff of 1930, which raised U.S. duties on hundreds of imported goods to record levels, is America's most infamous trade law. It is often associated with—and sometimes blamed for—the onset of the Great Depression, the collapse of world trade, and the global spread of protectionism in the 1930s. Even today, the ghosts of congressmen Reed Smoot and Willis Hawley haunt anyone arguing for higher trade barriers; almost single-handedly, they made protectionism an insult rather than a compliment. In Peddling Protectionism, Douglas Irwin provides the first comprehensive history of the causes and effects of this notorious measure, explaining why it largely deserves its reputation for combining bad politics and bad economics and harming the U.S. and world economies during the Depression. In four brief, clear chapters, Irwin presents an authoritative account of the politics behind Smoot-Hawley, its economic consequences, the foreign reaction it provoked, and its aftermath and legacy. Starting as a Republican ploy to win the farm vote in the 1928 election by increasing duties on agricultural imports, the tariff quickly grew into a logrolling, pork barrel free-for-all in which duties were increased all around, regardless of the interests of consumers and exporters. After Herbert Hoover signed the bill, U.S. imports fell sharply and other countries retaliated by increasing tariffs on American goods, leading U.S. exports to shrivel as well. While Smoot-Hawley was hardly responsible for the Great Depression, Irwin argues, it contributed to a decline in world trade and provoked discrimination against U.S. exports that lasted decades. Peddling Protectionism tells a fascinating story filled with valuable lessons for trade policy today.

The Collapse of Global Trade, Murky Protectionism, and the Crisis

2011-03 Business & Economics
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Release : 2011-03
Genre : Business & Economics
Kind : eBook
Book Rating : 239/5 ( reviews)

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Book Synopsis The Collapse of Global Trade, Murky Protectionism, and the Crisis by : Richard E. Baldwin

Download or read book The Collapse of Global Trade, Murky Protectionism, and the Crisis written by Richard E. Baldwin. This book was released on 2011-03. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis of 2008/9 is the Great Depression of the 21st century. For many though, the similarities stop at the Wall Street Crash as the current generation of policymakers have acted quickly to avoid the mistakes of the past. Yet the global crisis has made room for mistakes all of its own. While governments have apparently kept to their word on refraining from protectionist measures in the style of 1930s tariffs, there has been a disturbing rise in "murky protectionism." Seemingly benign, these crisis-linked policies are twisted to favour domestic firms, workers and investors. This book, first published as an eBook on VoxEU.org in March 2009, brings together leading trade policy practitioners and experts - including Australian Trade Minister Simon Crean and former Mexican President Ernesto Zedillo. Initially its aim was to advise policymakers heading in to the G20 meeting in London, but since the threat of murky protectionism persists, so too do their warnings.

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