This article examines protectionism from a number of perspectives. Part One provides some general background information describing present Japanese-American trade policy. Part Two does the same for Korean-American trade policy. Part Three offers some concluding observations

The vast majority of the books and articles that have been written over the past few centuries about trade policy in general and protectionism in particular have been written from a utilitarian perspective. Indeed, it would only be a slight overstatement to say that the only works written about...

There is no doubt that protectionism costs. But it is less clear exactly how much it costs and who pays. And while protectionism results in a deadweight loss — there are more losers than winners — some individuals and groups gain from protectionism. And it is those who stand to gain who have...

The U.S. steel industry has a long history of being protected, first when it was an infant industry in 1791 and later as it became a mature industry and needed breathing room to allow it to restructure so that it could compete against more efficient foreign producers. In recent years the steel...

This article is about protectionism. It is divided into four parts. Part 1 reviews the philosophy of protectionism, and analyzes the various arguments that have been given to support it over the years. These arguments have generally supported producers at the expense of the general public. Part...