Free Trade and Protectionism

Benoni Dimulescu
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Benoni Dimulescu: University of Craiova

Annals of University of Craiova - Economic Sciences Series, 2008, vol. 1, issue 36, 411-417

Abstract: One of the most interesting debates in economics is about free trade and protectionism. The arguments in favor of both directions are described by the analysis of free trade case and protectionism case. These are based on the economists’ thoughts that, on a side, the state should not intervene in international flow of goods and services and, on another side, it should be created a system of tariffs, quotas and export subsidies in order to protect the national economy of each state in report with the foreign competition.

Keywords: free trade; protectionism; tariff; quantitative restriction; subsidy (search for similar items in EconPapers)
JEL-codes: F00 F10 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2008:i:11:p:411-417

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