strategy

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.
Constrains:
Importing
Problems:


Type Classification:
C: Cross-sectoral strategies
Related UN Sustainable Development Goals:
GOAL 8: Decent Work and Economic GrowthGOAL 10: Reduced InequalityGOAL 12: Responsible Consumption and ProductionGOAL 16: Peace and Justice Strong Institutions