Chapter

Effect of Restrictive Trade Policies on Earnings and Employment Levels in Protected Industries

Victor A. Canto and J. Kimbal Dietrich

in Trade Policy and Corporate Business Decisions

Published in print April 1990 | ISBN: 9780195055382
Published online October 2011 | e-ISBN: 9780199855056 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195055382.003.0015
Effect of Restrictive Trade Policies on Earnings and Employment Levels in Protected Industries

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This chapter argues that protectionism, as expressed by restrictive trade policies, does not improve the welfare of those who initiated the process. Labor does not enjoy higher rates of employment in the declining industries, and the management and shareholders do not receive higher profits. Moreover, in most cases, the restrictive trade policy does reverse the trend in trade patterns.

Keywords: shareholders; earnings; employment

Chapter.  6546 words. 

Subjects: Economic Systems

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