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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.

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1y ago

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Protectionism and the US?

That is,protected U.S business by restricting products that come into the U.S other countries.


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Protectionism is bad mmkay.


Who get hurt from protectionism?

No one... It's PROTECTionism! Idiot!


What is the difference between Free trade and protectionism?

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Neo-protectionism is a challenge to some other neons out there


What is Neo Protectionism?

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government's standpoint on trade and protectionism is that he allows free trade


How does trade protectionism work?

Trade protectionism is used by countries when they think their industries are being damaged by unfair competition by other countries. It is a defensive measure, and it is usually politically motivated. It can often work, in the short run. However, in the long run it usually does the opposite of its intentions


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What is the SA government standpoint on trade and protectionism?

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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.