IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-61051-4_1.html
   My bibliography  Save this book chapter

Protection for Rent

In: State Subsidies in the Global Economy

Author

Listed:
  • Nikolaos Zahariadis

Abstract

It has been almost two centuries since David Ricardo first clearly articulated the benefits of free trade and nearly 160 years since the British first implemented such a policy. In the light of the gains vigorously stressed by economists, entrepreneurs, and politicians ever since, one would expect free trade to be the prevailing international rule and impediments to trade the exception. Yet, protectionism, particularly in the form of subsidies, remains strong even as trade barriers are being dismantled. As Irwin (2005, p. 27) puts it regarding market integration and trade, “If we focus not on how far global integration has progressed in the past few decades but on how far it has to go to achieve full integration, we’re impressed by how little integration there is” (emphasis in the original). The situation is similar concerning capital flows: “Globalization remains far from complete and in fact is only in its infancy as a process” (Sobel, 1999, p. 6).

Suggested Citation

  • Nikolaos Zahariadis, 2008. "Protection for Rent," Palgrave Macmillan Books, in: State Subsidies in the Global Economy, chapter 0, pages 1-21, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-61051-4_1
    DOI: 10.1057/9780230610514_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-61051-4_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.