Trade Protectionism - Government's Noneconomic rationales and outcome for trade intervention

4 important questions on Trade Protectionism - Government's Noneconomic rationales and outcome for trade intervention

What are the major non-economic rationales for trade intervention:

- Maintaining essential industries
- Promoting acceptable practices abroad
- Maintaining or extending spheres or influences
- Preserving national culture

In protecting essential industries countries must:

- determine which ones are essential
- Consider costs and alternatives
- Consider political and economic consequences

Governments use trade to support their spheres of influence by:

- giving aid and credits
- encouraging imports from countries that join a political alliance
- vote a preferred way within international bodies
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To preserve national culture, countries may:

- Restrict the export of art or historical items
- limit imports that may either conflict with or replace their dominant values

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