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Protectionism only works in combination with other measures. If you indiscriminately shield domestic enterprise from competition, you just get less competition
by hamilyon2 2y ago
Protectionism only works in combination with other measures. If you indiscriminately shield domestic enterprise from competition, you just get less competition and nothing else. Which is usually not enough.
- CPLX 2y agoArguable. But yes of course the best lesson to learn is that tariffs are one of the fundamentals tools of an effective industrial policy.