rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Trade policy disaster
    sub title: lessons from the 1930s
  name:
    name part: Irwin, Douglas A.
    name part: 1962-
    role:
      role term: creator
  type of resource: text
  genre: bibliography
  genre: Electronic books.
  origin info:
    place:
      place term: mau
    place:
      place term: Cambridge, Mass
    publisher: MIT Press
    date issued: ©2012
    date issued: 2012
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: remote
    extent: 1 online resource (xv, 195 pages) : illustrations.
  abstract: The extreme protectionism that contributed to a collapse of world trade in the 1930s is examined in light of the recent economic crisis.The recent economic crisis--with the plunge in the stock market, numerous bank failures and widespread financial distress, declining output and rising unemployment--has been reminiscent of the Great Depression. The Depression of the 1930s was marked by the spread of protectionist trade policies, which contributed to a collapse in world trade. Although policymakers today claim that they will resist the protectionist temptation, recessions are breeding grounds for economic nationalism, and countries may yet consider imposing higher trade barriers. In Trade Policy Disaster, Douglas Irwin examines what we know about trade policy during the traumatic decade of the 1930s and considers what we can learn from the policy missteps of the time.Irwin argues that the extreme protectionism of the 1930s emerged as a consequence of policymakers' reluctance to abandon the gold standard and allow their currencies to depreciate. By ruling out exchange rate changes as an adjustment mechanism, policymakers turned instead to higher tariffs and other means of restricting imports. He offers a clear and concise exposition of such topics as the effect of higher trade barriers on the implosion of world trade; the impact of the Smoot-Hawley tariff of 1930; the reasons some countries adopted draconian trade restrictions (including exchange controls and import quotas) but others did not; the effect of preferential trade arrangements and bilateral clearing agreements on the multilateral system of world trade; and lessons for avoiding future trade wars.
  note: Douglas A. Irwin.
  subject:
    topic: Commercial policy
    topic: History
  subject:
    topic: Protectionism
    topic: History
  subject:
    topic: Free trade
    topic: History
  subject:
    topic: Foreign exchange rates
    topic: History
  subject:
    topic: ECONOMICS/Trade & Development
  classification: HF1411 .I753 2012eb
  classification: 382/.309043
  identifier: 9780262298629
  identifier: 0262298627
  identifier: 9780262016711
  identifier: 0262016710
  identifier: http://proxy.library.tamu.edu/login
  record info:
    record content source: OCoLC-P
    record creation date: 120213
    record change date: 20221121162624.6
    record identifier: in00004602269
    language of cataloging:
      language term: eng