Protection et change: deux armes complémentaires

Gérard Lafay

Revue Économique, 1982, vol. 33, issue 6, 1024-1041

Abstract: [eng] Protectionism and exchange rate : two complementary weapons. Gérard Lafay. Theory of protectionism and theonj of exchange rate are, very often, dissociated in international economics. The first one is dependent on real approach, and the second one on monetary approach. In terms of economic policy, protectionism and exchange rate have to be studied together : both contribute to settle domestic price Systems linkage conditions.. However, those both instruments, which have specific purpose have to be used for specific policies : exchange rate have to make macroeconomic choices consistent, whereas protection have to contribute to selective industrial policies. [fre] Toutefois, ces deux instruments doivent être spécialisés dans leur utilisation, de façon à réserver à chacun d'entre eux la fonction pour laquelle il est, par nature, le mieux adapté : le change doit ainsi assurer la compatibilité des choix macro­économiques, tandis que la protection doit être mise au service de la sélectivité des politiques industrielles.

Date: 1982
Note: DOI:10.3406/reco.1982.408696
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