Type of paper: Essay. Any type of paper on any subject custom-written for you by the professionals. Despite the fact that macroeconomic policies of the states become more and more reliant on the concepts of free trade, the United States of America should make a U-turn to the well-established principles of protectionism. By means of following its postulates the country can protect the domestic manufacturers, and, hereby, enhance welfare of its citizens. Currently, protectionism can be illustrated through the use of the following policies: Tariffs Import quotas National employment and environmental legislation The use of different bilateral and multilateral treaties In general, the combination of the methods mentioned above produce the protectionist policies of the state.
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Trade protection is the deliberate attempt to limit imports or promote exports by putting up barriers to trade. Despite the arguments in favour of free trade and increasing trade openness, protectionism is still widely practiced. Barriers to trade can be used to protect sunrise industries , also known as infant industries , such as those involving new technologies.
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