Protectionism
is an economic policy of restricting imports from other countries through
methods such as raising tariffs on imported goods. Import quotas and other
government regulations.
This protectionist policy is
implemented by many countries, although almost all economists understand that
the global economy generally Benefits of free trade.
In other words, this
protectionist policy is the government's action or policy on international
trade in order to support products or services. Domestically, for example,
restricting or restricting imports, imposing tariffs on imported products,
setting quotas, measures Subsidy administrations etc. They raise import prices, making them more expensive than domestic
products.
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