- Reducing vulnerability of economies to foreign imports
- Protecting economies against import penetration
Description
Protecting against overseas imports involves implementing measures such as tariffs, quotas, and import regulations to shield domestic industries from foreign competition. This strategy aims to prevent market disruption, safeguard local employment, and support national economic stability. By controlling the influx of imported goods, governments can address issues like unfair trade practices, dumping, and loss of domestic market share, thereby promoting the growth and resilience of local businesses and industries.
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.
Broader
Narrower
Constrains
Constrained by
Facilitates
Related
Problem
Value
SDG
Metadata
Database
Global strategies
Type
(C) Cross-sectoral strategies
Subject
- Society » Foreign
- Society » Overseas
- Commerce » Import, export
- Societal problems » Protection
- Societal problems » Vulnerability
- Economics » Economy
Content quality
Yet to rate
Language
English
1A4N
U4965
DOCID
13149650
D7NID
195516
Editing link
Official link
Last update
Dec 3, 2024