0
Countries engage in protectionism to protect domestic industries from foreign competition, to safeguard national security interests, to reduce dependence on imports, and to create jobs within their own borders. Protectionist measures can include tariffs, quotas, subsidies, and other trade barriers.
Add your answer:
Earn +20 pts
Protectionism and the US?
That is,protected U.S business by restricting products that come into the U.S other countries.
Who get hurt from protectionism?
No one... It's PROTECTionism! Idiot!
What are pros and cons of protectionism?
Protectionism is bad mmkay.
What is the difference between Free trade and protectionism?
Free trade is when a country specializes in one or two areas of goods or service and allows a trade with other country or countries that specializes in different area while protectionism is when a country decides to restrict to its domestic production and stop trading with other countries.
Why do countries engage in international trade?
People/countries engage in international trade to build a strong relationship among themself.
What is Neo-Protectionism?
Neo-protectionism is a challenge to some other neons out there
What is Neo Protectionism?
Neo-protectionism is a challenge to some other neons out there
What is the government's standpoint on trade and protectionism?
government's standpoint on trade and protectionism is that he allows free trade
How does trade protectionism work?
Trade protectionism involves the use of measures like tariffs, quotas, and subsidies to protect domestic industries from foreign competition. These measures are intended to limit imports and boost domestic production by making foreign goods more expensive or less competitive. However, trade protectionism can also lead to trade wars, higher prices for consumers, and reduced economic efficiency.
What is the SA government standpoint on trade and protectionism?
government's standpoint on trade and protectionism is that he allows free trade
What is S.A government standpoint on trade and protectionism?
government's standpoint on trade and protectionism is that he allows free trade
What are the protectionism in 1930s?
The protectionism of the 1930s involved high tariffs being placed on imported goods by many countries in Europe, and the USA. This was mainly because of the Great Depression, which caused USA's loans to other European countries to dry out. Instead, the USA began demanding for the repayment of these loans. As a result, many countries recoiled and began to encourage people to buy local products, through high tax rates on imported goods and making it much more unaffordable as compared to local goods.
