Under what circumstances should a country consider Protectionist trade policies? Provide a scenario describing when protectionism should be used and specific protectionist measures that may be applied. Also, indicate what possible negative consequences may result if protectionist policies are adopted.
Protectionism is regarded as the politically motivated defensive measure. In international trade it makes a country as well as its industries less competitive. Protectionism trade policies protect domestic industries of a country from unfair competition from the foreign ones. There are difference circumstances when a country should consider protectionist trade policies. For instance, in order to help compete in the global market US government can subsidize its local industries. Subsidies come in the form of dirXXX XXXXXXXX or tax credits. XXX XXXX common subsidies XXX XXXX subsidies which would XXXXX local producers XX lower XXX prices XX their goods. XXXX XXXXX XXX XXXXXXXX cheaper XXXX XXXX shipped overseas. XXXXXXXXX work XXXX XXXXXX XXXX tariffs. XXXX XXXXXX works effectively for the US XX it mainly rely XX XXXXXXX.
In another situation a XXXXXXX can XXXXXX quotas XX imported goods XX XXXXXXXXXXXXX trade policy. XX XX an XXXXXXXXX measure, No XXXXXX how low a foreign XXXXXXX XXXX XXX price through XXXXXXXXX, it XXX’t XXXX more goods. XX another situation US government XXX make its exports XXXXXXX and more competitive lower XXX currency XXXXX. XXXXXXX, it can result in retaliation XXX XXXXX a currency war. One way XXXXXXXXX can lower XXXXX XXXXXXXX's value XXXXXXX a fixed XXXXXXXX XXXX, XXXX XXXXX's XXXX. XXXXXXX XXX is by XXXXXXXX so XXXX XXXXXXXX XXXXX XXXX it XXX XXX XXXX effect. Some countries criticize XXX U.S. government for doing XXXX, XXXXXXXX a X.S. dollar decline.
If United States is trying to XXXX strong in a XXX industry XXXX fisheries, a protectionism XXXXXX like XXXXXXXXXX XX tariffs XXXX protect it from foreign competitors. It XXXX provide time for XXXXXXXXX XX XXX XXXXXXXX to XXXXXXX XXXXX own XXXXXXXXXXX advantages. XXX application XX protectionist measures XXXX temporarily XXXXXXX jobs for XXXXXXXX workers. The protection of tariffs, quotas, or XXXXXXXXX XXXXXX XXXXXXXX companies XX hire locally. This benefit ends once other countries XXXXXXXXX by erecting XXXXX own protectionism.
There XXX XXXX XXXXXXX XXXXXXXX XXXXXXXX consequences XXX XXXXXX XX protectionist XXXXXXXX XXX XXXXXXX. Trump’s “XXXXXXX First” XXXXXXXX policy XXXXX XXXX XXX X.S. XXXXXXX in the long XXX. XXXXXX XXXXXXXXXX XX imports XXXX XXXXXX, XX, XXXXXX, India XXX China have XXXXXXXXX retaliatory tariffs. X XXXXX XXX XXXX XXXXX large economies XXXXX XX serious XXXXXXXXXXXX XX X.S. exporters XXX labor XXXXX.
After XXXXXXX "The World XX Flat", XX you believe Friedman XX mostly optimistic or XXXXXXXXXXX XXXXXXXXX the ability XX the US XX succeed in the flattening XXXXX? XXXXXXX your XXXXXX XXX XXXX at XXXXX XXX specific XXXXXXX XXXX XXXXXXXX his optimism or pessimism.
According XX XX XXXXXXXXXXX XXXXXXXX is mostly XXXXXXXXXX XXXXX XXX ability of the XX XX succeed in the flattening world. XXX world isn't going to be XXXX, it XX XXXX, XXXXX XXXXX Friedman's breathless XXXXXXXXX much of XXX urgency in the XXXXXXXXXXXXX perspective of XXXXXX XXXXXX, XXX which also XXXXX it XXXX XXX Epcot-style polyester XXXXX that XXXXXXXXX the XXXXXXXXXX XXXX XX XXXXX XXX inevitably XXXX XX.
With his XXXXXXXXXX ability to translate XX XXXXXXX foreign policy and XXXXXXXX XXXXXX, Friedman explains how the flattening of the world XXXXXXXX XX XXX dawn XX XXX twenty-first XXXXXXX; XXXX it means to individual, XXXXXXXXXXX and XXXXX within XXXXXX States and how XXXXXXXXXX XX well XX societies can, and must, XXXXX. The World Is Flat XX XXX timely XXX XXXXXXXXX update XX globalization, its successes and XXXXXXXXXXX, XXXXXXXXXX XXXXXXXXXXX by one of XXX XXXX respected XXXXXXXXXXX. XXX instance, XXX lowering of trade XXX XXXXXXXXX barriers XXX the exponential technical advances XX the XXXXXXX XXXXXXXXXX in United XXXXXX XXXX XXXX XXXX it XXXXXXXX XX XX XXXXXXXX, or almost XXXXXXXX XXXX, XXXXXXXXXXXXXXX XXXX billions of XXXXX XXXXXX across XXX XXXXXX. XXXX in XXXXXX XXXXXX XXX XX XXXX to XXXXXX. But XXX news that Friedman has XX XXXXXXX XX XXXX XXXX when XX stopped XXXXXX attention to these XXXXXXXXXXXX when XXX XXX-com XXXX XXXXXX interest away XXXX the business and technology pages. XXXXXXXXX XX him XXXXXXXXXXXXX X.X, XX driven XXX by XXXXX XXXXXXXXXXXX or giant XXXXX XXXXXXXXXXXXX like XXX XXXXX Bank, XXX by XXXXXXXXXXX: desktop freelancers and XXXXXXXXXX startups all XXXX XXX XXXXX who can compete XXX win not XXXX for low-XXXX manufacturing and XXXXXXXXXXX labor XXX, XXXXXXXXXXXX, XXX the XXXXXXX-end research and XXXXXX work XX XXXX.
XXXXXXXX XXXX a XXX of reliance in the XXXX "XXXXXXXXXX" XX describe XXX forces XXXX XXX shaping the globalized XXXXX XX XXX twenty-first XXXXXXX. In XXXX XXXXX, XXXXXXXXXXX how XXXX of XXXXX XXXXXXXXXX XXXX helped or XXX XXXXXXX globalize aXXXXXXXX industry.
XXXXXXXX's flatteners XXXXXXXX the forces XXXX shape the XXXXXXXXXX XXXXX XX 21st XXXXXXX. XXX XXX forces or XXXXXXX known as ten XXXXXXXXXX XXX to XXX XXXXXXX of globalization. XX the XXXXXX-first XXXXXXX these XXXXXXXXXX give XXX XXXXXXXXXX XXXX the world is XXXXXXXXX as XXXXXXXXX as XXXX XX XXXXX all around the globe XXXXX to be more XXXXXXXXXXX XX stay XXXXX XX the XXXXXX XXXXXX. For every organization globalization XXX XXXXXXX a level XXXXXXX XXXXX XXXXX they XXX XXXXXXXX XXXXX opportunities to succeed. XXXXX XXXXXXX has XXXXXXXXX XX XXXX XXXX it XXXXXXXXXXXX. XXX XXXXXXX, first XXXXX XXXXXXXXX XXXX XXX US take benefit XX the XXXXX labor XXXXX which XX offered by countries like XXXXX and China. Meanwhile, in XXXXXX, XXXXX countries profited XXXXXXX XXXXXXX foreign investments.
Ten “flatteners” in particular that Friedman cites for being XXXXXX of XXX XXXXXXXXXXXXX XX XXX XXXXX. XXXXX have XXXXXXXXXX XXX XXXXXXXX XXXXX XXXX the way it is XXXXX whereby XXX XXXXXXXXXXXX as XXXX XX XXXXXXXXXX lines XXX XXXXXX. XXXXX XXXXXXXXXX XXX helping XX globalize a IT XXXXXXXX particularly. XXXXXXX XX XXX increase in technology, XXXXX XXXXXXXXXXX XXXX effective XXXXXXXXXXXXX, sharing ideas, and XXXXXXXXXXXXXX, it XX easier to connect people with XXXX XXXXX XXXXXXX XXXX globally XXXXXXXXXXX XX XXXXXXXX. More than ever XXXXXX, XXXXXX have access XX XXXXXXX XXX markets XXXX XXXXXX to XXXXXX. Cell phones, computers, and XXXXXXXX in XXXXXXXXXX have XXXXXXX the existence XX XXXX a XXXXXXXXX XXXXXXXXXXX. XXXXXXX information technology XXXXXXXXXX are able XX make XXX of XXX XXXXXX XXXXXXXXXX XXXX XXXXX XXXXXX communities XX XXXXX advantage. XXX internet XXXXXXXX by the World XXXX XXX such XX XXXXXX and Yahoo XXXXXX the users to XXXXXX XXXXXXXXXXXX for XXX XXXXXXXXXXX which they XXXX. XXXXX put a XXX of XXXXX XXXX the XXXXXX’s hands XXXXX they can communicate, XXXXXXX and XXXXXXXX XXXXX XXXXXXXX XXX XXXXXX XXXX any place and time XXXX a XXXXX on XXX mouse.
XXXXXXXX, X. (2007). XXX XXXXX is XXXX 3.X: X XXXXX history XX the XXXXXX-XXXXX century. XXXXXXX. New York.
">