Essay on Protectionism

Protectionism:

Nowadays, we can observe that protectionism is not anymore as strong as it used to be. The crisis increased the demand from population for a growth of the barrier around the countries. However, most of countries try currently to establish a lots of free trade with many others countries and to get involved in economic union. Free trade is a great idea of the way we should trade at an international scale but more and more people think that we should stop some excess that have been created by the free trade. Those peoples debate in fact about protectionism which is parts of the contrary from free trade. Protectionism refers to policies or doctrines which protect business and workers within a country by restricting or regulating trade with foreign nations. This idea has to be discussing more and more while globalization is needed today as the standard and protectionism is against globalization.

Protectionism is seen in many countries as a good thing to help a country. It helps employment in really competitive sector because there is a lack of competition due to tariffs, quotas and others trade barriers. This helps provide employment and reduce unemployment in protectionists’ countries because their trading facilities are truly unfair with the others countries. The Japanese government for instance helps the rice production in his country. Those competitive sectors become less competitive sector for national company and the politicians don’t like that. The “Buy American Act” has been created in this goal. Protectionism helps to decrease the trade deficit of a country because it is less attractive for the population to buy goods and services that come from abroad. That’s why we can say that protectionism encourage to buy national products rather than imported products. These statements explain why it creates value for a country. It is also a support for the purchasing power of a nation by helping the employment of the population and reducing the world...