Academic Commons

Articles

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.

Subjects

Files

Also Published In

Title
Journal of Policy Modeling
DOI
https://doi.org/10.1016/0161-8938(85)90026-2

More About This Work

Academic Units
Economics
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.