Diplomacy & Politics Glossary
Every term you need — from Model UN procedure to international law, economics, and political theory. Clear definitions, real examples, and cross-linked concepts.
2302 terms across 11 categories
Showing 7 terms matching your filters
E
2 termsEffective Rate of Protection
Measures the percentage increase in value added per unit of output due to tariffs on inputs and final goods, showing the true level of protection domestic industries receive.
Effective Tariff Rate
The tariff rate that actually affects the cost of imported goods after considering the entire production process and inputs. It measures the real protection given to domestic industries by tariffs.
I
3 termsImport Quota
A government-imposed limit on the quantity or value of a specific good that can be imported during a given period.
Infant Industry Argument
The justification for protecting new industries until they become competitive against established foreign firms.
Infant Industry Protection
Trade policy measures that temporarily shield new domestic industries from international competition to help them grow.
S
2 termsSafeguard Duty
A temporary tariff imposed to protect domestic industries from a sudden surge in imports causing or threatening serious injury.
Safeguards
Temporary trade barriers imposed to protect domestic industries from sudden surges in imports causing serious injury.