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Trade protection - introduction

S:\triplea_resources\DP_topic_packs\economics\student_topic_packs\media_international\images\euro_protection.jpgDid you know?

  • The European Union spends around €55 billion on farm subsidies. In Zimbabwe, GDP per capita is $176 ( ).

On the following pages, we start to look at the different types of trade protection that are used and the arguments for and against protection. We consider the following topics in detail:

  • Free trade
  • Types of protectionism
  • Arguments for protectionism
  • Arguments against protectionism