Political Economy of Trade Protection

Author: (USA) Schillerman
Publisher:
Publish Date: 2005-10-01
Features: This book examines the determinants of trade policy in countries with democratic systems, illustrating how protectionist policies are implemented through a political process. This political process allows optimized agents to maximize their own interests in economic activities. The book emphasizes the connection between a country's trade policies and domestic income distribution. It provides numerous examples, ranging widely from comparing the total income of an economy under free trade and protectionist policies to the differences in protection levels achieved and implemented across various industries. The author also describes the institutional framework of protectionism and reviews some empirical evidence. The book is dedicated to addressing some fundamental issues in international trade theory and policy. It is suitable for economists, university economics instructors, and students majoring in economics-related fields.