Protectionism

Multi-Fibre Arrangement
Definition, historical context, analytical frameworks, and impact of the Multi-Fibre Arrangement (MFA)
Cabotage
The transport of goods within a country, typically subject to regulation requiring the use of domestic carriers.
Anti-dumping Action
The procedure by which complaints of dumping are investigated and imposition of anti-dumping duties is assessed.
Anti-Dumping Duty
An economically protective tariff levied to shield domestic producers from the adverse effects of dumping.
Cost of Protection
The total cost to an economy of adopting protectionist trade policies.
Dumping
The practice of selling goods in a foreign country at unfairly low prices.
Mercantilism
An economic theory popular in the 16th to 18th centuries that viewed a nation’s supply of capital as the determinant of welfare.
New Protectionism
The revival of protectionism with new strategic and economic arguments aimed at enhancing competitive advantage
Prohibitive Tariff
A tariff set at a rate so high that no trade in the good concerned can take place.
Protectionism
A policy involving the restriction of international trade to protect domestic industries and affect economic factors.
Retaliation
A policy change made to punish another firm or country for its actions.
Smoot–Hawley Tariff Act
An act of 1930 that established a protectionist tariff regime in the United States.