Protectionism - Wikipedia
Protectionism, sometimes referred to as trade protectionism, is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations. Proponents argue that protectionist policies shield the producers, businesses, and workers of the import-competing sector in the country from foreign competitors and raise government revenue. Opponents argue that protectionist policies reduce trade, and adversely affect consumers in general (by raising the cost of imported goods) as well as the producers and workers in export sectors, both in the country implementing protectionist policies and in the countries against which the protections are implemented.[1] Protectionism has been advocated mainly by parties that hold economic nationalist[a] positions, while economically liberal[b] political parties generally support free trade.[2][3][4][5][6] There is a consensus among economists that protectionis
Protectionism - Wikipedia Jump to content From Wikipedia, the free encyclopedia Economic policy of restricting imports "Protectionist" redirects here. For other uses, see Protectionist (disambiguation) . Pro-free trade poster from the British Liberal Party ; the "free trade shop" is depicted as having more customers and lower prices, while the "protection shop" has higher prices, a smaller and lower-quality selection of goods, and no customers Anti-free trade postcard from 1910 Part of a series on World trade Policy Import Export Balance of trade Trade law Trade pact Trade bloc Trade creation
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