Protectionism - Protectionism is the economic policy of...

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“Protectionism is the economic policy of restraining trade between states, through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to discourage imports, and prevent foreign take-over of native markets and companies (Dictionary.com).” Protectionism has been a source of dispute in the U.S. for many years. Why? It not only involves money flow and industry growth, but it also directly defines the amount of power the government has when deciding on whether to and when to impose it. The general consensus seems to suggest that this type of government policy largely limits economic growth and hands the government too much power, but there are also some viable benefits to having such a policy in place. Positive attributes of the Protectionistic Policy: Based on the definition of Protectionism, the basic purpose of its application is to protect the native businesses. However, aside from that, the government has intentions for its own growth as well as the overall economy growth through this policy as well. By setting limits such as
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This note was uploaded on 12/05/2011 for the course MGMT 330G taught by Professor Francissun during the Fall '11 term at Utah Valley University.

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Protectionism - Protectionism is the economic policy of...

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