protectionism

Examples and Types of Protectionism

Examples and Types of Protectionism

A list of some modern day protectionist measures, including tariffs, domestic subsidies to exporters, and non-tariff barriers which restrict imports. This is only a partial list, there are many more examples. In recent decades, average tariff rates have fallen, as we have come closer to free trade. However, there are still many protectionist measures with tariffs on specific goods. These are a few modern day examples of protectionism, (which will be helpful for A-level students studying global economics) 1. EU Common Agricultural Policy (CAP). Despite reforms and some reduction in…