The Effects of Protectionism on a Small Country: The Case of Uruguay (World Bank Regional and Sectoral Studies)

Protectionism in Uruguay, the subject of several World Bank reports, is under scrutiny here. Whereas previous work focused on describing Uruguay's protectionist measures, the essays in this volume detail the various regulatory mechanisms, model the protective instruments, and quantify their effects. Special emphasis is given to government interventions such as anti-dumping mechanisms and domestic content restrictions in the automobile assembly industry. Uruguay is considered an excellent model for the study of comparative and individual consequences of highly restrictive regulations for a small economy. Its study uncovers elements of relevance to many current economic problems in the world. "Competently executed series of studies on the distorted trade regime of Uruguay until the late 1980s and the effect of protectionism on a variety of economic outcomes. Topics covered range from the political economy of trade distortions to the sectoral impact of specific regulations. Worth reading"--Handbook of Latin American Studies, v. 57. Edited By Michael Connolly And Jaime De Melo. Includes Bibliographical References.