Why did they enact these protectionist policies, International Economics

Assignment Help:

Q. In recent cases, the U.S. placed quotas or protectionist tariffs on imported microchips and imported steel. In both cases the damage to "downstream" industries was obvious to all and relatively simple to quantify and demonstrate. Consider that the U.S. lawmakers are not plain dumb, why did they enact these protectionist policies?

Answer: The system through which these protectionist policies are set into law is biased in favour of the producers of import competitive goods. Other sectors of the economy that may possibly affect aren't parties in the petitions made to the ITC seeking redress.


Related Discussions:- Why did they enact these protectionist policies

Economic development of an economy, Question: Banks contribute to the e...

Question: Banks contribute to the economic development of a country. Banks have always been financing projects that help individuals and enterprises fulfill their plans. Howev

Law of demand, Explain the law of demand. Briefly discussed the exception t...

Explain the law of demand. Briefly discussed the exception to the law of demand

INTERNATIONAL MEASUREMENT FOR ECONOMIC DEVELOPMENT, WHAT ARE THE ROLES OF F...

WHAT ARE THE ROLES OF FOREIGN TRADE IN ECONOMIC DEVELOPMENT

Trade theory, haberler`s theory of neoclassical theory of trade

haberler`s theory of neoclassical theory of trade

Evaluate the economic policies of juan peron, Q. Evaluate the economi...

Q. Evaluate the economic policies of Juan Peron, the husband of the famous Evita? Answer: Once Peron got the power in 1946 in Argentina the economy that at that time

Terms of trade, what is net barter terms of trade and the effect on its eco...

what is net barter terms of trade and the effect on its economy

Floating exchange-rate regime, Q. Why would you suggest to a govern...

Q. Why would you suggest to a government to use a floating exchange-rate regime? Answer: Floating Exchange Rate is an exchange rate in which central banks don't inter

Stolper samulson theorum, is the stolper samulson theorem is relevant in t...

is the stolper samulson theorem is relevant in these days

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd