USA: High technology protectionism

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. … ...

Modeling Tariff to Analyze Protectionism

The modeling of trading wars is now an actual and modern problem although the first works on optimization of the custom duties date back to the end of the 19th century. The problem of reducing the number of possible solutions to the conflict and precise identifying of the optimal strategies is important. Applying a mathematical model makes the problem more formal, allows removing political tens...

From Bolam to Bolitho: unravelling medical protectionism

This seemingly inexorable rise in the cost of clinical negligence litigation poses a limitless drain upon the finite health service purse. Contrary to the principles of beneficence, in which resources are equitably distributed for the maximum benefit of the maximum number of patients, large sums of money are diverted away from the wider patient population through the restriction of clinical ser...

Technology and Business Cycles: A Schumpeterian Investigation for the USA

The purpose of this paper is to deal with questions of instability and economic crisis, deriving theoretical arguments from Schumpeter’s works and presenting relevant empirical evidence for the case of the US economy by sector of economic activity in the time period 19572006, just before the first signs of the global recession made their appearance. More precisely, we make an attempt to interpr...

Comparison of China/USA science and technology performance