The Limits Of Protectionism: Building Coalitions for Free Trade

Lusztig, Michael

Published by University of Pittsburgh Press, 2004
ISBN 10: 0822958430 / ISBN 13: 9780822958437
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Conventional wisdom holds that free trade is economically beneficial to nations. But this does not prevent industries and interest groups from lobbying their governments for protection, which creates a fear of electoral backlash among politicians hoping to promote free trade. The Limits of Protectionism demonstrates how governments can attain those economic benefits while avoiding the political costs.

Michael Lusztig’s theoretical model focuses on a process by which protectionists can be pushed to restructure and compete in a global economy. In this process, a small cutback in domestic protection leads to lost market shares at home; producers must then turn to overseas exports, and, as the size of foreign profits grow, former protectionists become active advocates for more and greater free trade opportunities.

In a wide-ranging array of case studies—from nineteenth-century Britain to Depression-era United States to contemporary New Zealand, Australia, Brazil, Canada, Chile, and Mexico—Lusztig reveals that, if skillfully handled, governments can eliminate the obstacles to free trade and enjoy continued economic growth without fear of protectionist groups seeking revenge at the ballot box.

From the Back Cover: "A tour de force for those who want to understand why many countries, if not the entire world, have embraced free trade. . . . Lusztig never loses sight of a most essential ingredient in this profound sea change: the conversion of business from protectionism to free markets."-Guy Poitras, Trinity University

"An important contribution to political economy. Its theory, blending rational choice and political culture, is novel and compelling. And the sweep of historical evidence, covering so many diverse parts of the globe (North and South America, Europe, Australia, and New Zealand), is breathtaking."-Ric Uslaner, University of Maryland

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Title: The Limits Of Protectionism: Building ...
Publisher: University of Pittsburgh Press
Publication Date: 2004
Book Condition: Very Good
Edition: 1st Edition.

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Book Description University of Pittsburgh Press, United States, 2004. Paperback. Book Condition: New. Language: English . Brand New Book. Conventional wisdom holds that free trade is economically beneficial to nations. But this does not prevent industries and interest groups from lobbying their governments for protection, which creates a fear of electoral backlash among politicians hoping to promote free trade. The Limits of Protectionism demonstrates how governments can attain those economic benefits while avoiding the political costs. Michael Lusztig s theoretical model focuses on a process by which protectionists can be pushed to restructure and compete in a global economy. In this process, a small cutback in domestic protection leads to lost market shares at home; producers must then turn to overseas exports, and, as the size of foreign profits grow, former protectionists become active advocates for more and greater free trade opportunities. In a wide-ranging array of case studies - from nineteenth-century Britain to Depression-era United States to contemporary New Zealand, Australia, Brazil, Canada, Chile, and Mexico - Lusztig reveals that, if skillfully handled, governments can eliminate the obstacles to free trade and enjoy continued economic growth without fear of protectionist groups seeking revenge. Bookseller Inventory # AAN9780822958437

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Book Description University of Pittsburgh Press, United States, 2004. Paperback. Book Condition: New. Language: English . Brand New Book. Conventional wisdom holds that free trade is economically beneficial to nations. But this does not prevent industries and interest groups from lobbying their governments for protection, which creates a fear of electoral backlash among politicians hoping to promote free trade. The Limits of Protectionism demonstrates how governments can attain those economic benefits while avoiding the political costs. Michael Lusztig s theoretical model focuses on a process by which protectionists can be pushed to restructure and compete in a global economy. In this process, a small cutback in domestic protection leads to lost market shares at home; producers must then turn to overseas exports, and, as the size of foreign profits grow, former protectionists become active advocates for more and greater free trade opportunities. In a wide-ranging array of case studies - from nineteenth-century Britain to Depression-era United States to contemporary New Zealand, Australia, Brazil, Canada, Chile, and Mexico - Lusztig reveals that, if skillfully handled, governments can eliminate the obstacles to free trade and enjoy continued economic growth without fear of protectionist groups seeking revenge. Bookseller Inventory # AAN9780822958437

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