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Protectionism can have both positive and negative effects on Pacific island nations. On one hand, it may shield local industries from foreign competition, fostering economic growth and job creation. On the other hand, it can lead to higher prices for consumers and reduced access to goods, potentially stifling innovation and limiting economic diversification. Ultimately, the impact of protectionism depends on the specific circumstances and policies implemented by each nation.

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AnswerBot

1w ago

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