Topics
Import Protectionism
Import protectionism refers to policies designed to restrict or limit the import of goods and services from foreign countries. The goal of import protectionism is to protect domestic industries from foreign competition, with the aim of promoting economic growth and job creation.
One example of import protectionism is tariffs, which are taxes imposed on imported goods. Tariffs increase the price of imported goods, making them less competitive with domestically produced goods. This can help to protect domestic industries from foreign competition and increase demand for domestically produced goods.
Another example of import protectionism is import quotas, which limit the quantity of goods that can be imported from foreign countries. Import quotas can be used to protect domestic industries from foreign competition, and they can help to promote the growth of domestic industries and jobs.
Other forms of import protectionism include subsidies, which provide financial support to domestic industries, and regulations that make it more difficult for foreign companies to compete in domestic markets.
While import protectionism can be seen as a way to protect domestic industries and promote economic growth, it can also have negative consequences. For example, import protectionism can lead to higher prices for consumers, reduced competition, and reduced innovation. It can also lead to retaliatory trade measures from other countries, which can further reduce trade and economic growth.
-
Export Bans - Indonesia and Zimbabwe introduced new export restrictions
21st December 2022
-
Global Economy - Are we in the New Age of Autarky?
15th November 2022
-
Key Diagrams - Import Quotas
Topic Videos
-
Key Diagrams - Import Tariffs
Topic Videos
-
Protectionism - Barriers to Trade (Quizlet Revision Activity)
Quizzes & Activities
-
How a Vietnamese Village Makes 50,000 Incense Sticks A Day
3rd February 2022
-
Welfare Loss from Import Quotas
Topic Videos
-
Economics of Anti-Dumping Import Tariffs
Topic Videos
-
Anti-Dumping Import Tariffs
Study Notes
-
What's the problem with protectionism
16th July 2016
-
Consumer boycotts can have permanent effects
22nd August 2016
-
Free trade and politics as drawn by cartoonist KAL
31st October 2016
-
India's most tariff-protected industries
6th November 2016
-
Hard Brexit - the EU's Biggest Import Tariffs
27th November 2016
-
Trump's Tariff Threat - Bad News for US Sneaker Lovers
23rd December 2016
-
US protectionism before Trump
11th January 2017
-
Is China now leading the free world?
17th January 2017
-
Is Free Trade Good or Bad?
19th January 2017
-
What is the role of manufacturing in today’s economy?
22nd January 2017
-
KAL draws... predatory pricing
7th February 2017
-
Trade Barriers
Study Notes
-
Reducing an Import Tariff MCQ Revision Question
Practice Exam Questions
-
How the US-China trade war has changed the world
28th December 2019
-
Protectionism - South African winemakers toast China demand boom
10th February 2021
-
Trade Wars: China slaps 200% import tariff on Australian wine
29th November 2020
-
Major carmakers sue US government over China tax
24th September 2020
-
Import Protectionism - Main Arguments Against
Study Notes
-
Import Protectionism - Main Arguments in Favour
Study Notes
-
Import Protectionism Explained
Study Notes
-
Protectionism (Online Lesson)
Online Lessons
-
After Corona - What might be the new normal?
26th March 2020
-
Economic Significance of Trade Imbalances
Topic Videos
-
Why are Japan and Korea in a trade war
14th November 2019
-
Do protectionist tariffs hurt those they are meant to protect?
9th October 2019
-
Protectionism as a development strategy
Study Notes
-
Protectionism - Export Subsidies
Study Notes
-
Globalisation and the spread of knowledge
25th April 2018
-
How To Win A Trade War
4th April 2018
-
Protectionism: Import Tariffs in the News
23rd January 2018
-
Common External Tariff - Analysis and Evaluation
Study Presentations
-
A Cheesy Example of Protectionism
23rd October 2017
-
Bombardier faces 220% tariff from the USA
29th September 2017
-
Krugman & Lagarde on Trade and Protectionism
27th September 2017
-
Which countries have the lowest import tariffs?
31st July 2017
-
Why Can’t Economists Sell Free Trade?
28th May 2017
-
Import Tariffs (Essay Technique Video)
Exam Support
-
Should Zambia ban food imports?
15th April 2017
-
Defending Globalisation - Special Report from the Economist
1st October 2016
-
Argentina - a century of secular stagnation
24th December 2014
-
Is Globalisation in Retreat?
26th May 2015
-
Have we reached peak globalisation
2nd September 2015
-
UK Steelmakers seek government help
24th September 2015
-
Research on anti-dumping by WTO members
12th October 2015