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Measures of Industrial Protectionism: Relevance for Trade and Labour Policies
Author(s) -
Scandizzo Pasquale Lucio
Publication year - 1989
Publication title -
labour
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.403
H-Index - 34
eISSN - 1467-9914
pISSN - 1121-7081
DOI - 10.1111/j.1467-9914.1989.tb00166.x
Subject(s) - protectionism , alliance , economics , relevance (law) , order (exchange) , wage , commercial policy , international trade , international economics , labour economics , political science , law , finance
ABSTRACT: Protectionist policies are often supported by an ‘unholy‘ alliance of industrial lobbies and labour unions, under the assumption that trade barriers will favour higher profits, wage rates and employment. Even when one takes the narrow view of self‐interest in a single producing sector, however, things are not necessarily what they seem and protectionism may have more profound consequences than those expected by lobbyists and negotiators. The paper reviews the methodologies developed to measure the extent and the consequences of industrial protectionism in order to derive operational guidelines to evaluate alternative trade policies.