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Questions tagged [protectionism]

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How does protectionism harm the producers and workers in export sectors in the country implementing the protectionist policies?

According to Protectionism (Protectionism) also reduce trade and adversely affect consumers in general (by raising the cost of imported goods), and harm the producers and workers in export ...
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Was there a time when economists “generally described” the 1920s “as being years of increasing protectionism”?

In Paul Bairoch's Economics & World History - Myths and Paradoxes (1993), the very first myth he tackles is this: the 1920s are generally described as being years of increasing protectionism. ...
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Are there economic models that predict (only) a medium/long-term negative effect of protectionism?

Going by some ECB models/estimates from last year, protectionism would result in negative consequences pretty fast, e.g. For illustration, I will use the results of simulations carried out by ECB ...
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Are there political economy models that include a “majority capture” of (protectionist) trade policy?

A highly cited model of protectionism is the "protection for sale" model or Grossman and Helpman. (For an [updated] evaluation of that model see for instance the Advanced International Trade textbook ...
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A valid argument against free trade?

Recently I read Bertrand Russell's Political Ideals (1917). Although he expresses strong left-wing ideals there, he supports free trade and criticizes protectionism. It seems that not any left-wing ...
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If protectionism is injurious to a state, is the success of mercantilist China in spite of its protectionist measures?

If protectionism is injurious to a state, is the success of mercantilist China in spite of its protectionist measures? Furthermore, if the academic consensus is that most instances of protectionism ...
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How can protectionist policies keep wages low?

A German economist who also worked at the ECB notes that: Germany’s bilateral trade surplus with the US has barely changed, despite substantial swings in the euro-dollar exchange rate – which was ...