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MR08 Trade Protectionism - Coggle Diagram
MR08 Trade Protectionism
Policies
Domestic Producers
Protect
Subsidise
Free Trade
Opposite
Tariff
Producer Surplus
Gain
1
Tax Revenue
3
Consumer Surplus
Loss
1,2,3,4
DWL
2,4
Barriers
Non-Tariff Barriers
Export subsidies
Voluntary export quota
Import Quotas
Administrative barrierrs
Environmental standards
Embargoes
Bans
Sanctions
Health & safety standards
Tariffs
Import Quota
Producers
+
Importers
+
Consumers
Qty
Lower
Price
Higher
DWL
Same as Tariff
Tax Revenue
None
For
Protect
Infant Industry
Jobs
Unfair subsidy
Anti-dumping
Strategic needs
Against
Choices
Less
Inefficiency
Output
Lower
Inovation
No Incentive
Price
Higher
Economic Growth
Lower
WTO
International Trade
Supervision
Dispute
Resolution
Framework
FTA
Negotiation
Regulation
Liberalisation
Objectives
Review of national trade policies
Assisting developing nations
Technical assistance
Training
Forum
Trade negotiations
Administering trade agreements