Protectionism

Protectionism

The Essays is going to be about

1. WTO “world trade organization (IPG)
2. protectionism(1PG)
3. globalization. (1PG)

Please make sure that the vocabulary are not too professional so I can memories what I’m going to write about in the class.

……………..Answer Preview…………….

Protectionism can be described as a practice or theory of shielding a state’s internal industries from foreign competition by taxing imports. Any state administration can protect its industries in three major ways. The administration can protect its state through:

1. Restricting the quantity of imports (quotas)
2. Increasing the price of imports (tariffs)

• Lowering the price for domestic producers (subsidy)

The administration of United States of America and other governments globally stand at the crossroads of two paths. Globally, administrations……………….

APA

325 Words