Concept information
Preferred term
new trade theory
Definition
- A theory that argues that it is possible for protectionism to be sometimes better than free trade. This theory became more prominent in the 1980s as a result of the U.S. trade deficit with Japan. [Source: The SAGE Glossary of the Social and Behavioral Sciences; Trade Theory, New]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/new_trade_theory
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