Article

 

Protectionism in Bulgaria during the Great Depression: Theory and practice (p.67-85)

by

Rumen Andreev, University of National and World Economy, Sofia

Keywords : Economic theory, Protectionism, Economic crises, Monopoly, Price scissors

JEL classification : В20, B 29, В13, D42, E31, E32, N54, N14

Abstract

This paper presents the theory and practice of protectionism in Bulgaria during the Great Depression. That global cataclysm that lead to the abandonment of free international trade and intensification of protectionist policy applied by all countries in various forms to reach autarchy where countries produced mainly for their domestic markets with the resources they had. The theoretical justifications for protectionism, made by the Bulgarian economists who worked during that period, as well as the various forms of its implementation in Bulgaria are derived.