Explain the Role of Government Protectionism Select a country of your choice and describe the role of government protectionism in business activities and economic growth.
What are the different viewpoints about the government protectionism? Include a discussion on the current increase of protectionist pressures in the global economy. Trade protectionism is a type of policy that limits unfair competition from foreign industries. It’s a politically motivated defensive measure. In the short run, it works. But it is very destructive in the long term. It makes the country and its industries less competitive in international trade.