What Is A Form Of Protectionism? Tariffs and import quotas are the most common types of protectionist policies. A tariff is an excise tax levied on imported goods. Originally imposed to raise government revenue, modern tariffs are now more often designed to protect domestic producers that compete with foreign importers. Why are is an example
What Is The Infant Industry Argument For Protection? The infant-industry theory states that new industries in developing countries need protection against competitive pressures until they mature. This theory, first developed in the early 19th century by Alexander Hamilton and Friedrich List, is often a justification for protectionist trade policies. What are the infant industry and
How Does Protectionism Affect Canada? With 70 per cent of Canadian exports destined for the United States, U.S. protectionism is especially problematic for Canadian businesses. These types of measures could badly hurt Canada’s sales to its most important export market and have a sizable negative impact on overall economic growth. Why is protectionism bad for