Protecting against overseas imports
Synonyms: Reducing vulnerability of economies to foreign imports
Protecting economies against import penetration
Implementation: Protection has been used for: maintaining employment; slowing the pace of adjustment; preserving the incomes of certain groups; preserving key industries; supporting new (high technology) industries; using protection as a lever to open markets.
Counter Claim: < In all cases protection has been shown to be ineffective and the problem better addressed in other ways.
Subjects: ForeignOverseasImport, exportProtectionVulnerabilityEconomy
Type Classification: C: Cross-sectoral strategies