What's Wrong with Protectionism: Answering Common Objections

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What's Wrong with Protectionism: Answering Common Objections to Free Trade (Mercatus Center at George Mason University)

Putting tariffs on imported goods or setting other barriers to international trade can be tempting for politicians. They assume that many of their constituents believe that free trade is not fair trade and that other countries arenâ€™t playing by the rules. This belief makes it easy for industry leaders to demand protection for their businesses and their workersâ€”to â€œput America first.â€

But Americans should resist the siren calls of protectionism. In this highly relevant protectionism primer, Pierre Lemieux shows what can happen if they donâ€™t.

As the author demonstrates, trade between any two countries is fair for the same reasons as exchange between two individuals: it is to the benefit of both. Lemieux carefully refutes the arguments of those who would curtail Americansâ€™ access to the benefits of international commerceâ€”from the claim that we can boost economic growth by reducing imports to the belief that free trade leads to â€œshipping jobs overseas.â€

Yes, manufacturing jobs are declining in this country and have been since the 1950s. But, as Lemieux points out, thatâ€™s in large part because Americans are making more advanced products more efficientlyâ€”thatâ€™s our comparative advantage. And this is happening as less-developed countries are producing more labor-intensive, low-tech goodsâ€”thatâ€™s their comparative advantage. All parties to a trade benefit.

Lemieux shows how free trade improves the lives of American consumers, especially the poor. The narrow agenda of the protectionistsâ€”to protect a small minority of producers at the expense of millions of their fellow Americansâ€”is the wrong path for an increasingly diverse and complex economy. This concise primer shows you why.
Country USA
Brand Rowman & Littlefield Publishers
Manufacturer Rowman & Littlefield Publishers
Binding Paperback
ItemPartNumber unknown
ReleaseDate 2018-08-27
UnitCount 1
EANs 9781538122129

Country	USA
Brand	Rowman & Littlefield Publishers
Manufacturer	Rowman & Littlefield Publishers
Binding	Paperback
ItemPartNumber	unknown
ReleaseDate	2018-08-27
UnitCount	1
EANs	9781538122129

What's Wrong with Protectionism: Answering Common Objections to Free Trade (Mercatus Center at George Mason University)

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