Protectionist industry interests stem from nondiversified individual income which derives from industry-specific factor ownership. This paper investigates how access to domestic and international asset markets moderates industry-affiliated individuals' preferences for protectionist trade...

This paper considers the interdependence between international financial markets, privatization, and strategic trade policies. We describe an economy where portfolio allocations are chosen by risk-averse agents who rationally forecast future trade policies. Assuming a government responsive to...