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Protectionism
Government Policies to reduce or block imports
Tariffs
Taxes imposed on imported products
Import Quotas
Numerical Numerical limitations on the quantity of products than can be imported.
Nontariff Barriers
All the ways a nation can draw up rules, regulations, inspections, and paperwork to make it more difficult to import products.
Infant Industry Arguments
An argument to block imports for a short time, to give the infant industry time to mature, before eventually it starts to competing on equal terms in the global economy.
Dumping
Selling internationally traded goods below their cost of production.
Anti-dumping laws
LAws that block imports sold below the cost of production and impose tariffs that would increase the price of these imports to reflect their cost of production.
Race to the Bottom
When production locates in countries with the lowest environmental (and other) standards, putting pressure on all countries to reduce their environmental (and other) standards.
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