Protectionism and the argument for creating jobs at home

Abstract

"In the political debate, trade protectionism has been frequently associated with keeping and increasing the number of jobs at home. The argument is, however, not so simple, since international trade in products and services is organised within global value chains. Goods that are further processed and not used for final consumption play a key role in international commerce. Increasing trade barriers for those so-called 'intermediates' can be particularly costly for an economy and lead to job losses in connected industries." (Author's abstract, IAB-Doku) ((en))

Cite article

Stepanok, I. (2019): Protectionism and the argument for creating jobs at home. In: IAB-Forum No. 23.05.2019, o. Sz.