• Best of luck to the class of 2024 for their HSC exams. You got this!
    Let us know your thoughts on the HSC exams here
  • YOU can help the next generation of students in the community!
    Share your trial papers and notes on our Notes & Resources page
MedVision ad

Effect of Protection.. (1 Viewer)

scut

The Journeyman
Joined
Jun 27, 2003
Messages
229
Location
Sydney
Gender
Male
HSC
2003
Just a quick question,
Effects that Protection of domestic industries has on global trade
Could I get some points/answers for this, I my textbook doesn't really talk about this much
Thanks
 
Last edited:

dirty dave

Banned
Joined
Aug 30, 2003
Messages
244
Location
macca town
Gender
Male
HSC
N/A
just the usual stuff about reduction of trade etc
if its in an essay then link with methods and pro/con of protection.
the Dixon book has a bit about it
 

Minai

Alumni
Joined
Jul 7, 2002
Messages
7,458
Location
Sydney
Gender
Male
HSC
2002
Uni Grad
2006
Dixon or Excel should cover this sufficiently
some key points to remember are the negative effects (which are more economically important) including the loss of efficiency in domestic firms due to lack of productivity by workers. More specific to the question, global trade will be much more restrictive and more expensive for exporters, creating disincentive to trade, and therefore a massive loss in economic surplus for the entire world, due to the reduced role of comparative advantage
 

scut

The Journeyman
Joined
Jun 27, 2003
Messages
229
Location
Sydney
Gender
Male
HSC
2003
Thanks Minai,

yeah the problem is I've got Riley and Bulmer, they're decent textbooks but they do sometimes take shortcuts on certain issues

But if anyone could list out a few more effects, it would be much appreciated...
Thanks
 

malayz_angel

Member
Joined
Feb 25, 2003
Messages
706
Location
iN thE ClouDZ....
Riley? Not that I really look in my textbook cos my teacher is a great believer in photocopied sheets...but isnt there enough reasons in Chapter Two near the beginning?
 

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

Top