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Section 5

Arguments for and Against Protectionist Policy

Book Version 3
By Boundless
Boundless Economics
Economics
by Boundless
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5 concepts
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National Security Argument

National security protectionist arguments pertain to the risk of dependency upon other nations for economic sustainability.

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Infant Industry Argument

Economic markets are inherently competitive and newer economies are vulnerable to their more developed counterparts in other countries.

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Unfair Competition Argument

One of the strongest arguments for trade protectionism is unfair competition emerging due to differences in policy and enforcement ability.

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Jobs Argument

Many policy makers who are proponents of trade protectionism argue that limiting imports will create or save more jobs at home.

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A Summary of International Trade Agreements

International trade agreements are agreements across national borders that reduce or eliminate trade barriers to promote economic exchange.

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