Publication
Nov 2009
This paper addresses the use of economic protectionism by governments in a time of recession. The authors argue that 'buy local' policies do not work and attempt to explain why countries nevertheless consider protectionism to be a good response to a recession. They consider the relationship between vulnerability and the degree of openness to trading partner countries, and the lobbying of domestic, non-exporting firms.
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English (PDF, 25 pages, 448 KB) |
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Author | Mario Larch, Wolfgang Lechthaler |
Series | Kiel Institute Working Papers |
Issue | 1570 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2009 Kiel Institute for the World Economy |