Real World Examples of Protectionism
October 4, 2010 § 3 Comments
|Type of Protectionism||Definition||Real World Example + Link|
|Tariff||Tax imposed when a good/service is imported in the country||“Congress is considering slapping a tariff on Chinese imports as retaliation for China’s stubbornness over currency policy,and such a move could have implications for green-energy stocks.”
|Quota||Limitation on the quantity that must not be exceeded, such as an import quota||“Private English-medium schools on Thursday hinted at a fee hike to make up for the mandatory 25 per cent reservation of seats for underprivileged students.
The Right to Free and Compulsory Education Act, a piece of central legislation the state government has announced it would implement, makes it mandatory for all schools to set aside a quarter of their seats for poor students who won’t be charged fees.”
|Subsidy||A grant provided for the government to benefit the public||“The government is weighing the feasibility of subsidizing in-vitro fertilization (IVF) treatment in an effort to slow the continuing decline in the birth rate, a Department of Health (DOH) official said Saturday.
If the subsidy program is adopted and offered to infertile couples, the official said, the numb”