This book makes the case that “new protectionism” is economically inefficient and that nations should work to develop the policies that are least harmful to their trading partners based on a comparison study of eight major industrial powers.
Here’s what you will learn in this course:
- Understand the comparative study of eight major industrial countries, including West Germany, Japan, the United States, and Britain, to show that such policies are flawed
- Understand the need for countries to find and exploit policies that fulfill their own political and social needs while being least harmful to their trading partners.
- Learn the alternatives to trade restrictions, including subsidies for industries and labor-market policy instruments, are also shown to have their drawbacks.