PPRuNe Forums - View Single Post - The backlash against foreign pilots explained to foreign pilots
Old 27th Apr 2015, 22:07
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kesskidi
 
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The real effects of protectionism are to reduce consumer choice, to raise the price of protected foreign products and domestic goods, to misallocate resources, and to lower worldwide production. Protectionist policies may “save” some jobs in a specific industry, but only at the expense of the overall welfare of the country. Tariffs promote the production of items in which a nation is inefficient and deter other production lines in which the country has a comparative advantage. By repealing tariffs, things that could be produced more efficiently in one country would be made there and items that could be purchased less expensively abroad would be imported.
Protectionism: A threat to Individual Rights
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