or does not pose tradeoffs; indeed, the story of Technotron begins with a particular disruptive market

change—a new technology—that causes real tradeoffs. In thinking about the disruptions of foreign trade, or any

of the other possible costs and tradeoffs of foreign trade discussed in this chapter, the best public policy

solutions typically do not involve protectionism, but instead involve finding ways for public policy to address

the particular issues resulting from these disruptions, costs, and tradeoffs, while still allowing the benefits of

international trade to occur.
494 20 • Globalization and Protectionism

BRING IT HOME

What’s the Downside of Protection?
The domestic flat-panel display industry employed many workers before the ITC imposed the dumping margin tax.

Flat-panel displays make up a significant portion of the cost of producing laptop computers—as much as 50%.
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