You believe that implementing policies to restrict imports will safeguard domestic industries, promote self-sufficiency, and ultimately strengthen the national economy.
Protectionism is a political ideology that advocates for policies designed to protect domestic industries and businesses from foreign competition. This is often achieved through the imposition of tariffs, quotas, and other trade barriers. The primary goal of protectionism is to shield local businesses, jobs, and the economy from potential harm caused by cheaper imports or unfair trade practices.
The history of protectionism dates back to the mercantilist era of the 16th to 18th centuries, when European powers sought to accumulate wealth by restricting imports and promoting exports.…
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