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Arguments for protectionism, Arguments against protectionism - Coggle…
Arguments for protectionism
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Strategic Reasons
certain industries need to be protected in case of war (agriculture, steel for defence items, power generation)
issues: may be unlikely for countries to go to war, may be just an excuse
To Prevent Dumping
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- ex: selling of surplus butter by the EU to developing countries
issues: may ruin domestic producers, hard to prove when a country is dumping
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