QUADRANT

A CHOICE OF PROTECTIONISMS

Quadrant – October 1996 SIR: Lloyd Peasley (September 1996) points out the costs to Australian consumers from tariff protectionism. But the choice is not between tariff protectionism and no protectionism. In Australia’s case, it has to be between tariff/subsidy protectionism and exchange rate protectionism. The latter has imposed far greater

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