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The effects of protectionism on a small country : the case of Uruguay
Uruguay offers an excellent laboratory for studying both comparatively and individually the consequences of highly restrictive regulations for a small economy, bringing out elements of relevance to many current economic problems of the world today. This report is a volume of essays on protectionism...
Uruguay offers an excellent laboratory for studying both comparatively and individually the consequences of highly restrictive regulations for a small economy, bringing out elements of relevance to many current economic problems of the world today. This report is a volume of essays on protectionism in Uruguay. The purpose of this report is to analyze the consequences of protectionism in Uruguay and try to quantify their effects on resource allocation, growth, and welfare. The essays in this volume go into more detail on the various regulatory mechanisms, modeling the protective instruments and quantifying their effects. The essays develop and use an analytical approach to examine the particular measure under study, followed by empirical measurement. The essays go beyond quantifying the effects of trade interventions to show the interactions between various forms of interventions. Thus, they show the harmful effects of protectionism and of excessive intervention generally on a small economy, providing vivid examples of policies to avoid assiduously - notably those associated with antidumping, the promotion of infant industries, and non-price protective measures in general.
