poli sci notes 10-17 - Adam Caplan 10/17/07 Intl. Poli....

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Adam Caplan 10/17/07 Intl. Poli. Notes Types of protectionism o Tariffs: Taxes on imports Japanese rice tariffs o Quotas: Limits on the number of imports The multifiber agreement (textiles) o Regulatory Barriers: Standards that discriminate against imports Limiting imported (legal) drugs from Canada o Subsidies: Direct payments from the government to producers Agricultural subsidies Types of protectionism o Tariffs: Increases the price of imported goods Prices increase Quotas/Voluntary Export Restraints: Limits the number of imports Decreases the supply of imported goods o Prices increase Regulatory Barriers Decreases, or completely excludes imports o Prices increase Subsidies Decreases the costs for domestic producers o Prices decrease Trade Protectionism o What explains trade preferences? Hecksher-Ohlin Theory (Factors) Ricardo-Viner Theory (Sectors) o How does a government decide whose trade preference to listen to? Domestic politics
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This note was uploaded on 04/10/2008 for the course POLI SCI 103B taught by Professor Jensen during the Fall '07 term at Washington University in St. Louis.

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poli sci notes 10-17 - Adam Caplan 10/17/07 Intl. Poli....

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