Protectionism In The Steel Industry In The United States Does Trade Protectionism Lead To Higher Prices And Massive Job Losses
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Protectionism In The Steel Industry In The United States Does Trade Protectionism Lead To Higher Prices And Massive Job Losses
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Author : David Onditi
language : en
Publisher: GRIN Verlag
Release Date : 2019-06-19
Protectionism In The Steel Industry In The United States Does Trade Protectionism Lead To Higher Prices And Massive Job Losses written by David Onditi and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-06-19 with Political Science categories.
Seminar paper from the year 2019 in the subject Business economics - Economic Policy, grade: A+, University of South Australia (McGill), course: International Business, language: English, abstract: The central research question is linked to the implications of protectionism in the steel industry in the US. The hypothesis is that trade protectionism leads to higher prices and massive job losses. The case study design is employed as is allows for the in depth understanding and examination of the steel industry in the US and the implications of the trade policies on the jobs as well as prices. The research applied archival research method applying a mixed methodology. The findings of the research indicate that the application of protectionism in the steel sector would harm not only the consumers but the industry being protected. It can be concluded that protectionism has negative implications in terms of higher prices and loss of jobs. The project was restricted by the research design as the use of a single case study limits the comparability and thus the generalizability of the results. The research focused only on the steel industry in the US thus restricting the applications of the findings in other sectors or industries in the US or even the steel industries in other countries. The research implies that trade policies in the US should favor the use of market forces dictated by the principles of the WTO rather than focusing on the nationalism of the economies. The economic nationalism in the United States has risen in the past couple of years, fueled by and fueling the election of President Donald Trump. With the increased call for nationalism of the economies comes the view that protectionism has achieved great success in the history of the United States. However, the calls for greater protectionism ignores the vast amounts of academic analysis and contemporary reporting that indicates that the trade protectionism in the United States has led to immense economic costs on the economy and the American consumers.
Politics Vs Economics In World Steel Trade
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Author : Kent Jones
language : en
Publisher: Routledge
Release Date : 2017-10-10
Politics Vs Economics In World Steel Trade written by Kent Jones and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-10 with Business & Economics categories.
There can be few industries which have generated as much political controversy as the world steel industry. Since 1968 the trade policies of both the US and the EEC have created a vicious circle of protectionism and delayed adjustment in their steel industries. In particular, protectionist policies by one government have tended to lead directly to rebound protectionist policies by the other. This book, first published in 1986, begins by tracing the historical roots of steel protectionism and describes the changing competitive structure of the world steel market which has led to increased government involvement in the traditional steel-making countries as they became vulnerable to imports from the newly industrialised countries. The most distinctive feature of the book is its economic analysis of a policy crisis; a crisis whose inner dynamics work against a viable solution.
Saving The Steel Industry
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Author : Kent Albert Jones
language : en
Publisher:
Release Date : 1984
Saving The Steel Industry written by Kent Albert Jones and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with categories.
Impact Of The Section 201 Safeguard Action On Certain Steel Products
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Author : United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade
language : en
Publisher:
Release Date : 2003
Impact Of The Section 201 Safeguard Action On Certain Steel Products written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
The Collapse Of Global Trade Murky Protectionism And The Crisis
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Author : Richard E. Baldwin
language : en
Publisher:
Release Date : 2011-03
The Collapse Of Global Trade Murky Protectionism And The Crisis written by Richard E. Baldwin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-03 with Business & Economics categories.
The global financial crisis of 2008/9 is the Great Depression of the 21st century. For many though, the similarities stop at the Wall Street Crash as the current generation of policymakers have acted quickly to avoid the mistakes of the past. Yet the global crisis has made room for mistakes all of its own. While governments have apparently kept to their word on refraining from protectionist measures in the style of 1930s tariffs, there has been a disturbing rise in "murky protectionism." Seemingly benign, these crisis-linked policies are twisted to favour domestic firms, workers and investors. This book, first published as an eBook on VoxEU.org in March 2009, brings together leading trade policy practitioners and experts - including Australian Trade Minister Simon Crean and former Mexican President Ernesto Zedillo. Initially its aim was to advise policymakers heading in to the G20 meeting in London, but since the threat of murky protectionism persists, so too do their warnings.
The Steel Crisis
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Author : William Scheuerman
language : en
Publisher: Praeger
Release Date : 1986-07-16
The Steel Crisis written by William Scheuerman and has been published by Praeger this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986-07-16 with Business & Economics categories.
This book analyzes the causes underlying the decline of the United States steel industry and the impact of that decline on our institutions of procedural democracy. It locates steel's economic demise in the logic of an economy organized for profit maximization and demonstrates how the industry's economic policies helped open the U.S. market to foreign imports while simultaneously forcing steel officials to turn to the government for assistance.
Trade Wars Are Class Wars
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Author : Matthew C. Klein
language : en
Publisher: Yale University Press
Release Date : 2020-01-01
Trade Wars Are Class Wars written by Matthew C. Klein and has been published by Yale University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-01 with Business & Economics categories.
"This is a very important book."--Martin Wolf, Financial TimesA provocative look at how today's trade conflicts are caused by governments promoting the interests of elites at the expense of workers Longlisted for the 2020 Financial Times & McKinsey Business Book of the Year Award "Worth reading for [the authors'] insights into the history of trade and finance."--George Melloan, Wall Street Journal Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. Klein and Pettis trace the origins of today's trade wars to decisions made by politicians and business leaders in China, Europe, and the United States over the past thirty years. Across the world, the rich have prospered while workers can no longer afford to buy what they produce, have lost their jobs, or have been forced into higher levels of debt. In this thought-provoking challenge to mainstream views, the authors provide a cohesive narrative that shows how the class wars of rising inequality are a threat to the global economy and international peace--and what we can do about it.
Trade Protection In The United States
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Author : Gary Clyde Hufbauer
language : en
Publisher:
Release Date : 1986
Trade Protection In The United States written by Gary Clyde Hufbauer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Free trade categories.
Clashing Over Commerce
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Author : Douglas A. Irwin
language : en
Publisher: University of Chicago Press
Release Date : 2017-11-29
Clashing Over Commerce written by Douglas A. Irwin and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-29 with Political Science categories.
A Foreign Affairs Best Book of the Year: “Tells the history of American trade policy . . . [A] grand narrative [that] also debunks trade-policy myths.” —Economist Should the United States be open to commerce with other countries, or should it protect domestic industries from foreign competition? This question has been the source of bitter political conflict throughout American history. Such conflict was inevitable, James Madison argued in the Federalist Papers, because trade policy involves clashing economic interests. The struggle between the winners and losers from trade has always been fierce because dollars and jobs are at stake: depending on what policy is chosen, some industries, farmers, and workers will prosper, while others will suffer. Douglas A. Irwin’s Clashing over Commerce is the most authoritative and comprehensive history of US trade policy to date, offering a clear picture of the various economic and political forces that have shaped it. From the start, trade policy divided the nation—first when Thomas Jefferson declared an embargo on all foreign trade and then when South Carolina threatened to secede from the Union over excessive taxes on imports. The Civil War saw a shift toward protectionism, which then came under constant political attack. Then, controversy over the Smoot-Hawley tariff during the Great Depression led to a policy shift toward freer trade, involving trade agreements that eventually produced the World Trade Organization. Irwin makes sense of this turbulent history by showing how different economic interests tend to be grouped geographically, meaning that every proposed policy change found ready champions and opponents in Congress. Deeply researched and rich with insight and detail, Clashing over Commerce provides valuable and enduring insights into US trade policy past and present. “Combines scholarly analysis with a historian’s eye for trends and colorful details . . . readable and illuminating, for the trade expert and for all Americans wanting a deeper understanding of America’s evolving role in the global economy.” —National Review “Magisterial.” —Foreign Affairs
The Political Economy Of Trade Protection
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Author : Anne O. Krueger
language : en
Publisher: University of Chicago Press
Release Date : 2007-12-01
The Political Economy Of Trade Protection written by Anne O. Krueger and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with Business & Economics categories.
This clear, concise summary of the in-depth analyses presented in The Political Economy of American Trade Policy examines the level, form, and evolution of American trade protection. In case studies of trade barriers imposed during the 1980s to help the steel, semiconductor, automobile, lumber, wheat, and textile and apparel industries, the contributors trace the evolution of efforts to obtain protection, protectionist measures, and their results. A chapter assessing the common themes that emerge from the studies concludes that the focus of current trade law is exclusively on the individual protection-seeking industries, with little regard for indirect effects on using industries or for consumers. Reform could usefully take these effects into account. This volume will interest policymakers, business executives, and anyone interested in trade policy formulation and practice.
