3 ms·
The costs of protectionism are typically diffuse and difficult to pinpoint. They take the form of higher prices and reduced choice. Here's one example. Chinese
by pzone 8y ago
The costs of protectionism are typically diffuse and difficult to pinpoint. They take the form of higher prices and reduced choice.
Here's one example. Chinese consumers use Alibaba, not Amazon. They use QQ, not Twitter. They use Baidu, not Google. In all of those cases, the foreign brands are higher quality products.