Mind Maps have been produced to introduce topics and give students an overview of key topics being studied. This mind map introduces the Protectionism and Trade Liberalisation.

Protectionism and Trade Liberalisation - Mind Map

Mind Maps have been produced to introduce topics and give students an overview of key topics being studied. The maps can be viewed as a whole page or, for those who prefer a more linear approach, as a text version.

View larger version of the mind map.

• Protectionism
  
  • Tariffs
  • Quotas
  • Non-Tariff Barriers
    
    • Rules
    • Regulations
    • Voluntary Export Restraints (VERs)
    • Legislation
    • Exacting Standards or Specifications
  • Reasons:
    
    • Protect domestic industries
    • Protect domestic employment
    • Strategic reasons
    • Political pressures
    • Protect culture?
    • Prevent 'Dumping'
• Trade Liberalisation
  
  • Brings the benefits of specialisation
  • Comparative Advantage
  • Allows developing countries access to markets
  • Encourages international competition and efficiency
  • Encourages freer movement of resources
  • Brings the benefits of market forces