The “New” Protectionism

Giancarlo Gandolfo

Chapter Chapter 12 in International Trade Theory and Policy, 2014, pp 277-295 from Springer

Abstract: Abstract The typical instruments of the “old” protectionism are tariffs and (non-discriminatory) import quotas. The last few decades have seen a progressive reduction of these traditional trade barriers: GATT and WTO have provided a negotiating framework for such a reduction and outlawed the use in general of import quotas, as well as established the extension to all members of the MFN (Most Favoured Nation) treatment (see Sect. 10.2 ).However, notwithstanding the dramatic decrease in average world tariffs, protectionism is still around under new forms. These will be treated in depth in the present chapter.

Keywords: Foreign Firm; Domestic Firm; Tariff Rate; Marginal Revenue; Export Subsidy (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1007/978-3-642-37314-5_12

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