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Why trade, and what would be the consequences of protectionism - Coggle…
Why trade, and what would be the consequences of protectionism
int. trade
efficiency
industrial composition
firm composition
imported inputs
innovation
P(purchasing)
cheaper goods
N&variety(products)
pro-competitive effect
exchange rate
incentives
rent-seeking reduced
distribution
relative wages
adjustments costs
manufacturing components
Environment
positive
technique
negative
polution
scale
production
travel
composition
Trade barriers
long term view
distributional impacts
goods
import imput
import competing
industries
companies
the optimal tarrif argument
adjustment costs
Plausible Scenarios for the future
bilateralism
trade defence
Breach of principles
protectionism protect?