Impact Of Trade Protectionism
Trade protection is an economic policy that limits trade between countries by enforcing trade barriers. Despite the arguments in favor of free trade market and increase the freedom of international trade, protectionism is still widely implemented.
Since post world war II era, the economy has strived significantly in the world. The market development becomes prioritized by many countries. They drive the vision and trade policy orientation into liberalism, including Free Trade Area, because trading provides many benefits, such as providing job vacancies that could reduce the number of unemployment. Furthermore, trading helps the producer of products and services obtain resources, especially scarce resources in their countries, provides revenue by exporting, and so on. Nonetheless, the development of free trade policy does not operate excellently, because of the liberalism policy of economy concerning some countries. It has caused some negative impacts, including a discrepancy between developed countries and developing countries especially in this globalization era. Therefore, trade protectionism began to be applied in various countries to minimize the negative impact of international trade. Protectionism is an economic policy that limits trade between countries by imposition of tariff protection, tariff increase system and rules of various efforts to suppress imports. This protectionism, however, goes against the principle of free market.
Trade barriers can be used to protect
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