The Effects of Protectionism on a Small Country
Michael Connolly Jaime de Melo
Price: $ 22
Protectionism in Uruguay, the subject of several World Bank reports, is again under scrutiny in this latest volume of essays. Whereas previous work focused on describing Uruguay's protectionist measures, the essays in this volume detail the various regulatory mechanisms, model the protective instruments, and quantify their effects. Special emphasis is given to government interventions such as anti-dumping mechanisms and domestic content restrictions in the automobile assembly industry.
This study analyzes policies that have been adopted in many other countries. The essays also go beyond quantifying the effects of trade interventions to show interactions among various forms of intervention.
Uruguay is considered an excellent model for the study of comparative and individual consequences of highly restrictive regulations for a small economy. Its study uncovers elements of relevance to many current economic problems in the world today.
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