protectionism 
FREE NEWS LINKS

  
      HOME    SEARCH

Updates & changes ongoing ....

---- Although this site is https-secure, we cannot guarantee that it or any provided links are safe; be sure your antivirus and other security systems are up to date.

Also see: Tariffs; trade war;

         Jump to:    2018;   2019;

Undated: 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 claim that protectionist policies shield the producers, businesses, and workers of the import-competing sector in the country from foreign competitors. However, they also reduce trade and adversely affect consumers in general (by raising the cost of imported goods), and harm the producers and workers in export sectors, both in the country implementing protectionist policies, and in the countries protected against.

There is a consensus among economists that protectionism has a negative effect on economic growth and economic welfare,^[1][2][3][4] while free trade, deregulation, and the reduction of trade barriers has a significantly positive effect on economic growth.^{[2][5][6][7][8][9]} Some scholars have implicated protectionism as the cause of some economic crises, most notably the Great Depression.^[10] However, trade liberalization can sometimes result in large and unequally distributed losses and gains, and can, in the short run, cause significant economic dislocation of workers in import-competing sectors.^[11]
https://en.wikipedia.org/wiki/Protectionism

Undated: Protectionism in the United States is protectionist economic policy that erected tariff and other barriers to trade with other nations. This policy was most prevalent in the 19th century. It attempted to restrain imports to protect Northern industries. It was opposed by Southern states that wanted free trade to expand cotton and other agricultural exports. Protectionist measures included tariffs and quotas on imported goods, along with subsidies and other means, to ensure fair competition between imported goods and local goods. In today's age the US is still highly protectionist, according to Global Trade Alert the US has adopted over 1000 protectionist measures since the Global Economic Crisis in 2008, more than any other country since.^[1][2]
https://en.wikipedia.org/wiki/Protectionism_in_the_United_States

-- 2018 --

copyr 2018 trump-news-history.com, Minneapolis, MN