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International patent systems: There is an argument for viewing national patent systems as a cloak for protectionist trade policies at a national level. Two strands of this argument exist: one when patents held by one country form part of a system of exploitable relative advantage in trade negotiations against another, and a second where ...
Protection keeps money, markets, and manufactures at home for the benefit of our own people. Democrats campaigned energetically against the high McKinley Tariff of 1890, and scored sweeping gains that year; they restored Cleveland to the White House in 1892. The severe depression that started in 1893 ripped apart the Democratic party.
This argument is illustrated with the example of Vietnam paying its coffee farmers above the world market price in the 1980s, planting much coffee, then flooding the world market in the 1990s. [4] Smith (2010) questioned the relevance of the Vietnam example, [ 28 ] and Griffiths later published a response.
Arguments for protectionism fall into the economic category (trade hurts the economy or groups in the economy) or into the moral category (the effects of trade might help the economy but have ill effects in other areas). A general argument against free trade is that it represents neocolonialism in disguise. [62]
Tesla CEO Elon Musk says protectionism is the only thing stopping China’s cheap EVs from demolishing the competition. Lionel Lim. January 25, 2024 at 1:45 AM. Michael Santiago—Getty Images.
Protection or Free Trade is a book published in 1886 by the economist and social philosopher, Henry George. Its sub-title is An Examination of the Tariff Question with Especial Regard to the Interests of Labor.
Contemporary arguments have focused on ways that patents can slow innovation by: blocking researchers' and companies' access to basic, enabling technology, and particularly following the explosion of patent filings in the 1990s, through the creation of "patent thickets"; wasting productive time and resources fending off enforcement of low-quality patents that should not have existed ...
Under U.S. Trade Representative (USTR) Katherine Tai, the USTR is a diminished version of its former self, and may actually be harming the U.S. economy and American business.