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Riflessioni teoriche su protezionismo, neo-protezionismo e intervento pubblico - On the theory of protectionism, new protectionism and public policy

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  • Colombatto, Enrico

    (Università di Torino - Facoltà di Economia - Dipartimento di Scienze Economiche e Finanziarie)

Abstract

The pivotal issues discussed in the paper concern the effects of protectionism and new protectionism as regards notional welfare (where optimal income distribution Is taken into account) and effective welfare (where actual distribution is considered). It is argued — and demonstrated graphically — that whereas protectionist intervention may lead to substantial improvements in effective and notional welfare, especially in ‘large’ countries, new protectionist policies may be of severe hindrance to economic development. Given today ‘s relatively high opportunity costs for production factors, new protectionist pressures are of far greater importance, and frequently feed back into the more general social demand for protection.

Suggested Citation

  • Colombatto, Enrico, 1984. "Riflessioni teoriche su protezionismo, neo-protezionismo e intervento pubblico - On the theory of protectionism, new protectionism and public policy," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 37(3-4), pages 236-254.
    • Handle: RePEc:ris:ecoint:0571
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