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Jan d

Conservation: Trade protection - 0 views

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    This article discusses the controversies involved in the sale of wildlife and a global ban in the trade of a species when it is threatened with over-exploitation. The author relates to trade bans as something that do more harm than good. This is perfectly illustrated by the following quote: "Combine inelastic demand, lack of substitutes, scarcity and open access to habitats with a trade ban, Dr Conrad argues, and a black market will flourish." Some of these conclusions also relate to arguments against protection we did in class, such as the limited options that consumers and firms have.
Elias S

Europe fears 'uncontrolled protectionism' as emerging markets turn against free trade - 0 views

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     Too much protectionism is not good as well as no protectionism, it will ruin the free trade in the world. 
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    This article looks at the European Commission, an organization that has warned of a slide towards "blatant and uncontrolled protectionism" across the globe as emerging markets from several countries are starting to defend themselves, warning that abuses by countries like Russia, Brazil, Indonesia, China and other key states could pose a growing threat to global recovery. The EU trading body has said "154 new tariffs and restrictive measures have been pushed through over the past year while "virtually none" has been abolished"
David s

Nigeria Seeks Flexible Trade Policies - 0 views

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    The Nigerian government is trying to protect its local industries, and to do this, it is planning to implement more flexible trade policies. For example, the article talks about how for one period, tariffs will be capped at 4% rather than 2.5%, this gives the government more flexibility, so that it can adequately judge the needs of its industries.
Sebastian a

Russia sends new warning to Ukraine over EU deals. - 0 views

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    This article talks about the new warning Russia has sent to Ukraine saying that moscow could implement protectionist barriers if its former soviet ally joins a free trade pact with the EU. Russia has sent the warning because they are allegedly worried it will be "flooded" with European goods if Ukraine joins the pact.
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    It states that "it will be a plus, as long as it doesn't make us (Russia) weaker". This is because of the bond they have from the former Soviet union. Since they have conjoined boarders and a lot of trade between the nations they fear that this (increasing european trade) might influence this trade.
Cameron l

Tackling trade barriers in Indonesia - 0 views

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    This article is about the trade barriers that Indonesia has and what needs to be done. It talks about the struggle that Indonesian and international businesses have due to these trade barriers.
Roman p

Protectionism rides again - 0 views

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    This article discusses how sometimes the use of barriers has a negative effect on the economy of a country, for example, as can be seen with Bush's administration that imposed tariffs on steel imports. Trade protection can be seen with the rush of agreements that countries are not willing to partake in, such as Japan. Of course after the Bush administration, the democratic party picked up the "protectionist baton" and have worked toward trade liberalization.
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    The article talks about tariffs imposed by the US government on the steel market. It shows the other side of protectionism. In the case of the US the tariff impose had a negative effect on the steel market. The tariff robbed more in profits than it gave to steel making companies.
Jan d

U.S. Unlikely to Raise Sugar-Import Quota - 0 views

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    This article is about the reluctance to increase quotas for low-price sugar imports, due to the increased domestic production. Therefore from our IB Economic Theory, arguments against trade protection are used, specifically because it breeds inefficiency and leads to higher prices for consumers.Favorable weather in major sugar cane- and sugarbeet-growing areas are expected to lift production this season, as well as those in Mexico, which will be of benefit to the US since they are in the North American Free Trade Agreement and the US can import as much as it wants without any trade barriers to satisfy the domestic demand, although it is said that supplies presently outpace demand.
Daniel k

protectionism in EU trade policy - 0 views

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    The article talks about a policy of the EU relating to the topic.
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    I totally agree with you, Olaf
Stephen b

AIIS says that protection from imports is not the solution for US - 0 views

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    The article discusses how, in the past, the US government's response to foreign imports competing with the domestic steel industry has been to create trade barriers. However, as David Phelps, president of American Institute for International Steel, explains in the article, this practice takes away from the competition that should exist within a market, such as when two domestic steel industries are competing. On the other hand, what differentiates domestic competition and international competition is that US will lose output if it can't support its domestic industries.
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