Please enable JavaScript.
Coggle requires JavaScript to display documents.
PROTECTIONISM (What ? (Objectives (Political, Economic, Social), Opposite…
PROTECTIONISM
What ?
Opposite to free trade
State practice to protect local businesses
Protect companies from competition
Flow regulation
Objectives
Political
Economic
Social
Protectionist measures
Quantitative limitations or bans on certain imports
Tariff barriers
Health or technical standards
Defense measures of strategic industries
Advantages
Protect employment
Limit the deficit trade
Support purchasing power
Protecting certain sectors
Disadvantages
Decrease competitiveness
Stalling innovation
Lower the variety of products available
Prevent the country from developing its strong point of production
Why ?
Protect from foreign competition
Fostering infant industries
Protect employment
Instruments of trade control
Tarrifs
Conventional vs autonomous
Fiscal vs protectionnist
Non tarrifs
Custom valuation
Subsidies
Agriculture
Overcoming market
Aid and loans
Quantity control
Administrative delays
Specific permission requirement
Standards and label