AS Revision – Tariffs and Protectionism

With the AS Paper 2 (Data Response/essay paper) this week, here is a note on Tariffs and Protectionism which is in Unit 4 of the AS course. It can be a popular ‘Discuss’ question in the essay paper. 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

Below is useful mindmap that I use for revision of the topic.

Source: CIE A Level Revision – Susan Grant