Professional Documents
Culture Documents
Trade Protection
Unit 13 - Lesson 7
Learning outcomes:
Discuss the arguments against trade protection, including a misallocation
of resources, the danger of retaliation and trade wars, the potential for
corruption, increased costs of production due to lack of competition, higher
prices for domestic consumers, increased costs of imported factors of
production and reduced export competitiveness.
Discuss the arguments in favour of trade protection, including the
protection of domestic jobs, national security, protection of infant
industries, the maintenance of health, safety and environmental
standards, anti- dumping and unfair competition, a means of overcoming a
balance of payments deficit and a source of government revenue.
http://www.canada.
com/cms/binary/8821872.jpg
http://www.foodsafetynews.
com/files/2013/03/importship_406.jpg
Issues:
Decrease in Imports may come at the expense of a
decrease in the number of exports thus negating
the positive effect.
http://www.sundaytimes.
lk/100613/images/eco-cartoon.jpg
http://europe.chinadaily.com.
cn/epaper/images/attachement/jpg/site241/
20121207/0013729e4771122b8c163b.jpg