Microeconomics › Section T · Globalization and protectionism › Topic T.3
Arguments for restricting imports
Protection has costs, but its supporters offer reasons that go beyond saving jobs: young industries, unfair pricing, the environment, safety and national security. Each argument deserves a fair hearing, and each can be tested against evidence and against cheaper alternatives.
In this topic
- Weighing the case
- The infant industry argument
- Worked example: testing an infant
- Dumping and anti-dumping
- Worked example: a dumping margin
- Should dumping worry us?
- The environmental argument
- The unsafe products argument
- The national security argument
- Large buyers and retaliation
- Common mistakes to avoid
- Key takeaways
This topic is part of Wuanberri Pro. Checking your access…