Open Economy or Protectionism: Ukraine’s Dilemma

Import Restraints and Industrial Performance: The Dilemma of Protectionism

The Death of Irish Trade Protectionism: A Political Economy Analysis

The decision to abandon protectionism and move to a more open economy is considered one of the most important developments in modern Irish economic history. Drawing on recent work in the field of international political economy, we propose a new explanation for this important policy change based on interest groups’ demands. More specifically, we argue that Irish agriculture’s needs were highly ...

Platform—Open Door Dilemma

How are hospitals supposed to cater for patients who are a security risk and still pursue a progressive, 'open door' policy with the majority of their patients? Dr. Norman Imlah, medical director of All Saints Hospital, Birmingham, puts the case for closed special units. advances in the treatment and management of the mentally ill in Britain have brought problems for the legislators, but none m...

New Open Economy Macroeconomics

Starting in the early 1990s, the New Open Economy Macroeconomics refers to a vast body of literature embracing a new theoretical framework for policy analysis in open economy, with the goal of overcoming the limitations of the Mundell-Fleming model, while preserving the empirical wisdom and policy friendliness of traditional analysis. Building general equilibrium models with imperfect competiti...

Trade Protectionism

Trade Protectionism If we had a situation where these [steel workers] were our constituents and someone was breaking in their house and raping and robbing and pillaging them, we would want to send in a policeman to do something. In this instance, they [importers of foreign steel] are just coming in and taking their future, they are taking their jobs, they are taking all of their dreams away. … ...