Protectionism and Economic Revival by Michael Kitson
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Protectionism and Economic Revival
By Michael Kitson

Protectionism and Economic Revival

The British Inter-war Economy

By (author) See other recent books by Michael Kitson See other recent books by Solomos Solomou
Format: Hardback

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Protectionism and Economic Revival by Michael Kitson

Book Description

The impact of protectionism is currently a contentious policy issue. This book evaluates the effects of protectionism on the British interwar economy. In contrast to most studies of the period and the conclusions of orthodox economic theory, Kitson and Solomou show that the introduction of the General Tariff in 1932 provided a substantial stimulus to the domestic economy - a stimulus which can help to explain the trend improvement in British economic growth in the 1930s. The authors show that the tariff made encouraging import substitution and macroeconomic expansion. The empirical evidence is examined at two levels. First, a sectoral study shows that the newly protected sector of the 1930s saw an improvement in performance following the introduction of the tariff. Secondly, the large fall in manufacturing imports generated favourable effects on macroeconomic performance by helping to reduce the import propensity of the economy. The policy implication of this study is that trade policies should be constructed in the context of prevailing economic conditions and not solely with reference to sometimes inappropriate theoretical perspectives.

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Book Details

ISBN: 9780521382670
ISBN-10: 052138267X
Format: Hardback
(228mm x 152mm x 11mm)
Pages: 136
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 28-Sep-1990
Country of Publication: United Kingdom

Other Editions...


Books By Author Michael Kitson

Protectionism and Economic Revival by Michael Kitson Protectionism and Economic Revival, Paperback (August 2008)

This book evaluates the effects of protectionism on the British interwar economy.

Political Economy of Competitiveness by Michael Kitson Political Economy of Competitiveness, Paperback (April 2000)

This volume offers an original perspective on the relationship between economic theory and policy. It discusses the lessons of economic theory and policy from a broad political economy perspective.

Rembrandt by Michael Kitson Rembrandt, Paperback (March 1993)

An introduction to the work of Rembrandt.

» View all books by Michael Kitson

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