PS-0061 Lecture Notes - Intellectual Property, Voluntary Export Restraints, Collective Action

• School: Tufts University
• Department: Political Science
• Course: PS-0061
• Professor: Kelly Greenhill

Document Summary

#1 protectionism is necessary for national defense for: if something is vital for defense, it should be produced securely within one"s borders. Weapons, petroleum: protectionism helps these industries survive against, states can obtain critical goods from their allies, state can stockpile in the event of emergency, protectionism can go too far . #2 protectionism helps infant industries develop for: to compete, new industries need time to develop expertise and economies of scale. R&d is expensive: protectionism can shield new firms from foreign competition until they can succeed on their own against, private financial markets could support the industry, assumes government can pick winners, assumes the industry can be weaned. Third world : drives down wages for us unskilled workers, widening the income gaps between classes against, why not deal with this problem by subsidizing wages at the low end of the scale, or by.