Australian argument for protection
Australian argument for protection: the conclusion drawn in the Brigden Report that the "evidence available does not support the contention that Australia could have maintained its present population at a higher standard of living under free trade". It continued that " the same average income for the same population could not have been obtained without protection". The Brigden Report did not claim that protection would increase aggregate national income, and therefore it did not undermine the argument for free trade.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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