international business
Prepared by: Kalibek Bakhytgul
Marketing group #816
Essay
Importance of protectionism in 21st century economics.
Protectionism is the economic policy of restraining trade between states through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to allow (according to proponents) fair competition between imports and goods and service produced domestically. This policy contrasts with free trade, where government barriers to trade are kept to a minimum. In recent years, it has become closely aligned with anti-globalization. The term is mostly used in the context of economics, where protectionism refers to policies or doctrines which protect businesses and workers within a country by restricting or regulating trade with foreign nations.i This is what Wikipedia gives us and I am going to tell it by my own words so the Protectionism is economic patronage of the state, which manifests itself in the enclosure of the domestic market of the country from the penetration of foreign products in it, and to promote the competitiveness of export goods in foreign markets. We can say that protectionism is anti-globalization act but we promote our products to the world so it is kind difficult to do announce like that.
We have some main types of protectionism:
Selective protectionism - protection from a particular product, or against a particular state;
Industry protectionism - protecting a specific industry;
Collective protectionism - mutual protection of united several countries;
Covert protectionism - protectionism by using non-tariff methods;
Local protectionism - protectionism products and services of local companies;
Green protectionism - protectionism by using of environmental law;
Corruption protectionism - when political figures act not in the interests of the mass of voters, but in the interest of organized bureaucratic and financial groups.
Politics of protectionism is that the main aim is to
Marketing group #816
Essay
Importance of protectionism in 21st century economics.
Protectionism is the economic policy of restraining trade between states through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to allow (according to proponents) fair competition between imports and goods and service produced domestically. This policy contrasts with free trade, where government barriers to trade are kept to a minimum. In recent years, it has become closely aligned with anti-globalization. The term is mostly used in the context of economics, where protectionism refers to policies or doctrines which protect businesses and workers within a country by restricting or regulating trade with foreign nations.i This is what Wikipedia gives us and I am going to tell it by my own words so the Protectionism is economic patronage of the state, which manifests itself in the enclosure of the domestic market of the country from the penetration of foreign products in it, and to promote the competitiveness of export goods in foreign markets. We can say that protectionism is anti-globalization act but we promote our products to the world so it is kind difficult to do announce like that.
We have some main types of protectionism:
Selective protectionism - protection from a particular product, or against a particular state;
Industry protectionism - protecting a specific industry;
Collective protectionism - mutual protection of united several countries;
Covert protectionism - protectionism by using non-tariff methods;
Local protectionism - protectionism products and services of local companies;
Green protectionism - protectionism by using of environmental law;
Corruption protectionism - when political figures act not in the interests of the mass of voters, but in the interest of organized bureaucratic and financial groups.
Politics of protectionism is that the main aim is to