AS Revision – Tariffs and Protectionism

Here is another worthwhile video from Phil Holden. This time he is talking about Tariffs and Protectionism which is in Unit 4 of the AS course. However you will be expected to know this at A2 level also. Remember the following reasons for barriers to trade:

Why Protectionism?
a) Safeguard home country employment
b) Correct balance of payments disequilibria
c) Prevent labour exploitation in developing countries (or other political – not economic – goals)
d) Prevent Dumping
e) Safeguard infant industries

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