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Methods of Protectionism trade ( (Quota, Embargo, Tariff, Exchange…
Methods of Protectionism
Arguments for Protectionism
Protection of
infant industries
declining industries
strategic industries
industries from low wage competition
raising employment
improving trade position
industries from unfair competition
Quota
Embargo
Tariff
Exchange Control
Quality Standards
Subsidy
Expensive paperwork
VERs
Argu
Arguments Against Protectionism
it can result into
retaliation
inefficiency
higher prices
lower choices
