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Written by:

George D


Date added:

January 12, 2016








No of pages / words:

2 / 483


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As result, initially narrowly defined protectionist measures may snowball in order to protect one downstream industry after another. Another major problem that the policy maker is that of efficiency. Import controls designed to provide breathing room to a domestic industry so it can either grow or recapture its competitive position often do not work...
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Rather than improve the productivity of an industry, such con troll may provide it with a level of safety and a cushion of increased income, subsequently causing it to lag behind in technological advancement. One must also be aware of the corporate response to improve restrictions. Corporations faced with such restrictions can encourage their governments to erect similar barriers to protect them at home...
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