{"id":880,"date":"2011-11-03T01:58:46","date_gmt":"2011-11-03T07:58:46","guid":{"rendered":"http:\/\/opengecko.com\/economics\/ib-economics\/4-international-economics\/4-2-free-trade-and-protectionism\/"},"modified":"2011-11-03T01:58:46","modified_gmt":"2011-11-03T07:58:46","slug":"4-2-free-trade-and-protectionism","status":"publish","type":"page","link":"https:\/\/opengecko.com\/geckoview\/economics\/ib-economics\/4-international-economics\/4-2-free-trade-and-protectionism\/","title":{"rendered":"4.2 Free Trade and Protectionism"},"content":{"rendered":"\n\n\n
Definition of free trade<\/td>\nNONE YET<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Types of Protectionism<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n
\n

Tariffs<\/p>\n<\/td>\n

http:\/\/opengecko.com\/economics\/tariffs-quotas-and-subsidies\/<\/a><\/td>\n<\/tr>\n
Quotas<\/td>\nhttp:\/\/opengecko.com\/economics\/tariffs-quotas-and-subsidies\/<\/a><\/td>\n<\/tr>\n
Subsidies<\/td>\nhttp:\/\/opengecko.com\/economics\/tariffs-quotas-and-subsidies\/<\/a><\/td>\n<\/tr>\n
Voluntary Export Restraints (VERs)<\/td>\nNONE YET<\/td>\n<\/tr>\n
Administrative obstacles<\/td>\nNONE YET<\/td>\n<\/tr>\n
Health and safety standards<\/td>\nNONE YET<\/td>\n<\/tr>\n
Environmental standards<\/td>\nNONE YET<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Arguments for Protectionism<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n
\n

Infant industry argument<\/p>\n<\/td>\n

NONE YET<\/td>\n<\/tr>\n
Efforts of a developing country to diversify<\/td>\nNONE YET<\/td>\n<\/tr>\n
Protection of employment<\/td>\nNONE YET<\/td>\n<\/tr>\n
Source of government revenue<\/td>\nhttp:\/\/opengecko.com\/economics\/tariffs-quotas-and-subsidies\/<\/a><\/td>\n<\/tr>\n
Strategic arguments<\/td>\nNONE YET<\/td>\n<\/tr>\n
Means to overcome a balance of payments disequilibrium<\/td>\nNONE YET<\/td>\n<\/tr>\n
Anti-dumping<\/td>\nNONE YET<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Arguments against Protectionism<\/strong><\/p>\n\n\n\n\n\n\n
\n

Inefficiency of resource allocation<\/p>\n<\/td>\n

http:\/\/opengecko.com\/economics\/tariffs-quotas-and-subsidies\/<\/a><\/td>\n<\/tr>\n
Costs of long-run reliance on protectionist methods<\/td>\nNONE YET<\/td>\n<\/tr>\n
Increased prices of goods and services to consumers<\/td>\nhttp:\/\/opengecko.com\/economics\/tariffs-quotas-and-subsidies\/<\/a><\/td>\n<\/tr>\n
The cost effect of protected imports on export competitiveness<\/td>\nNONE YET<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Definition of free trade NONE YET Types of Protectionism Tariffs http:\/\/opengecko.com\/economics\/tariffs-quotas-and-subsidies\/ Quotas http:\/\/opengecko.com\/economics\/tariffs-quotas-and-subsidies\/ Subsidies http:\/\/opengecko.com\/economics\/tariffs-quotas-and-subsidies\/ Voluntary Export Restraints (VERs) NONE YET Administrative obstacles NONE YET Health and safety standards NONE YET Environmental standards NONE YET Arguments for Protectionism Infant industry argument NONE YET Efforts of a developing country to diversify NONE YET Protection of employment…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":854,"menu_order":2,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"tags":[],"class_list":["post-880","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/pages\/880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/comments?post=880"}],"version-history":[{"count":0,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/pages\/880\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/pages\/854"}],"wp:attachment":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/media?parent=880"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/tags?post=880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}