lemonox731Lv1
6 Nov 2021
Problem 16
Page 830
Section SELF: CHECK QUESTIONS
Chapter 34: Globalization and Protectionism
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6 Nov 2021
Introduction
Protectionism is a strategy of defending native industries from international rivalry by tariffs, subsidies, trade restrictions, and other barriers to foreign rivals’ imports. Regardless of the fact that almost all neoclassical economists believe that free trade promotes the international economy in general, numerous nations have pursued protectionism measures.
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