Classical Trade Protectionism 1815-1914 by Dormois Jean-Pierre. Lains Pedro

Author:Dormois, Jean-Pierre.,Lains, Pedro. [EDITED BY JEAN-PIERRE DORMOIS AND PEDRO LAINS]
Language: eng
Format: epub
Publisher: Taylor & Francis (CAM)
Published: 2011-09-27T16:00:00+00:00

Summary: what have we learned?

It is possible to sum up the results of our research in seven statements.

Considered as a whole, Italian trade policy was confused and lacking a clear strategy.

Nominal protection remained fairly low, with few important exceptions (many of which were of a ‘fiscal’ nature).

Welfare losses from protection were not large.

Effective protection was not high, with some notable exceptions (notably wheat growing and the iron and steel industry).

The effects of protection on the structure of the economy were fairly modest, although it was instrumental in the survival of wheat-growing.

The effect of protection on distribution of income was noticeable but still not huge.

Trade policy seems to have been determined mainly by lobbying and by the needs for tax revenue.

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