Protectionism

[dimpy.handa]

The first duty of every government is to protect its own citizens; a duty of care is owed to those whose economic prosperity depends upon industrial production.
How far our govt. realize this guty?

 

[dimpy.handa]

In times of recession there is pressure to protect declining industries. Some localities, or countries, are dependent on a single source of manufacturing or agriculture, and allowing the free market to take its course would prolong or deepen an economic depression and drive huge numbers of people out of work.

 

[Jack_Dell]

The Government must take corrective measures so that the common people can live a decent life.

 

[paanu08]

protectionism is basically the policy that sum countries hv 4 helpin their own industries by puttin a large tax on imported goods or by restrictin imports in sum other way....this needs to be averted by promotin free trade........

 

[gala01]

THE GOVT IS HARDLY TAKING ADEQUATE STEPS FOR PROTECTION AT NORMAL COURSE...

HOWEVER, AFTER 11 BOMBLASTS OF TRAINS,. GOVT HAS BEEN A BIT CONSCIOUS NOW

 

[swatiraohnlu]

Protectionism needs to be implemented, but only to a certain level. Over protective policy would result in nothing but incompetence amongst the industries that are sought to be protected.

 

[satyamsaxena0786]

Government actions and policies that restrict or restrain international trade, often done with the intent of protecting local businesses and jobs from foreign competition. Typical methods of protectionism are import tariffs, quotas, subsidies or tax cuts to local businesses and direct state intervention.
Any time a government undertakes any of these actions, they are engaging in protectionism. There is significant debate surrounding the merits of protectionism. Critics argue that, over the long term, protectionism often ends up hurting the people it is intended to protect and often promotes free trade as a superior alternative to protectionism.

 

[dimpy.handa]

One of the most cited arguments for a protectionist trade policy in the United States is that protectionist trade tactics, like high tariffs and taxes on imported goods, protect American industries and American jobs. The principle around this argument is simple: If the government adds a tax to goods coming in from foreign countries, this is a de facto way of raising the price of foreign goods and driving down demand for them. This causes consumers to look elsewhere for a similar good with a better price. Governments usually increase the tariffs to raise the price of foreign goods enough to allow domestic industries to compete. If more money goes to American companies, the more likely they are to stay in business.