The Political Economy of Trade Protection: The Determinants and Welfare Impact of the 2002 Us Emergency Steel Safeguard Measures

@article{Read2005ThePE,
  title={The Political Economy of Trade Protection: The Determinants and Welfare Impact of the 2002 Us Emergency Steel Safeguard Measures},
  author={Robert Read},
  journal={Public Choice \& Political Economy eJournal},
  year={2005}
}
  • R. Read
  • Published 1 August 2005
  • Economics
  • Public Choice & Political Economy eJournal
This paper analyses the political economy of trade protection in the context of the factors determining the US Emergency Safeguard Measures for steel imposed March 2002. The paper identifies several factors in addition to the official justification stated problems of global over-capacity and the penetration of imports in the US market, namely the continued failure to restructure poorly performing firms, failure of previous attempts at protection and the influence of the domestic steel lobby and… 
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