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.

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

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Academic Units
Economics
Published Here
January 30, 2013