Academic Commons


Protectionism: Old Wine in New Bottles

Bhagwati, Jagdish N.

This paper addresses some new types of arguments that have recently arisen in defense of protectionism in developing and developing countries. The new sources of protectionism in developing countries discussed are: (1) recession-debt-crisis costs; (2) protection in the world economy; (3) wages and labor markets; (4) political requirements. The new arguments for protectionism in developed countries discussed are: (1) shift to the service economy; (2) defense; (3) threat of protection to induce foreign investment.



Also Published In

Journal of Policy Modeling

More About This Work

Academic Units
Published Here
January 30, 2013
Academic Commons provides global access to research and scholarship produced at Columbia University, Barnard College, Teachers College, Union Theological Seminary and Jewish Theological Seminary. Academic Commons is managed by the Columbia University Libraries.