• Protectionism: An Indirect Subsidy from Consumers to Producers

•

International Trade and Its Effects on Jobs, Wages, and Working Conditions

• Arguments in Support of Restricting Imports

• How Trade Policy Is Enacted: Globally, Regionally, and Nationally

• The Tradeoffs of Trade Policy

Introduction to Globalization and Protectionism

BRING IT HOME

What’s the Downside of Protection?
Governments are motivated to limit and alter market outcomes for political or social ends. While governments can

limit the rise in prices of some products, they cannot control how much people want to buy or how much firms are

willing to sell. The laws of demand and supply still hold. Trade policy is an example where regulations can redirect

economic forces, but it cannot stop them from manifesting themselves elsewhere.

Flat-panel displays, the displays for laptop computers, tablets, and flat screen televisions, are an example of such
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