The Eight Myths of Protectionism

Publication Date: October 1983

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Thomas L. Martin

Research Area: Manufacturing and industry; Trade

Type: Report


Congress is consideriqg a national industrial policy, supposedly to restore U.S. economic vitality by facilitating closer coordination of industry and labor actions with those of government. According to Walter Mondale, a national policy is needed because I"Government must work in partnership with the market ... to reassert American national interest in a tough competitive world." One result of such a partnership could be a sweeping reform of trade policy.