Even in a world in which the principles of free trade prevail, states frequently impose protectionist policies
Discuss the motivations for protectionist behavior in a liberal market and assess how acceptable each motivation would be in today's world economy.
What will be an ideal response?
Ideal Answer: The ideal answer should:
1. Outline the primary protectionist policies discussed in the text
2. Compare and contrast a number of motivations for a protectionist posture, focusing on attempts to gain advantage for the state in a particular way.
3. Explain whether motivations such as the desire to cater to the political demands of domestic industries, the desire to provide established or new domestic industries room to adjust to unfamiliar or shifting market conditions, etc. are acceptable in the modern world economy.
4. Offer a concise summary and effective conclusion.
You might also like to view...
The first summit meeting between Cold War superpowers took place in the country of __________ in 1955
Fill in the blank with the appropriate word.
After an ExpressJet flight kept 47 passengers on board an aircraft overnight in Rochester, New York, the Department of Transportation announced a new set of rules limiting tarmac waits to
A) no more than seven hours. B) one hour. C) no more than three hours. D) thirty minutes. E) 12 hours- the length of a trans-Atlantic flight from the west coast.