What are the advantages for trade protectionism?

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1157545

2026-03-21 21:15

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  1. Infant industry argument – protect new industries
  2. Diversify the economy – help develop new industries to give more diversity to economy
  3. Raise revenue
  4. Protect certain key industries from international competition to try and safeguard jobs.
  5. Protect domestic jobs which are threatened by rise of imports.

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