Why protectionism spells trouble for global economic growth

January 2019
International Trade Forum;2019, Issue 1, p10
Academic Journal
The article offers information on the protectionist policies that helped precipitate the collapse of international trade in the 1930s, and this trade shrinkage which was a plausible seed of the Second World War. Topics discussed include Tariffs can dampen imports, boost net exports, and boost Gross Domestic Product , and other things being equal; and also discusses that consumers lose more from tariffs than producers gain, so there is deadweight loss.


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