Explore BrainMass
Share

Explore BrainMass

    Arguments for protectionism

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Explain the national defense, declining industries, and infant industry arguments for protecting a domestic industry from international competition.

    © BrainMass Inc. brainmass.com October 10, 2019, 12:11 am ad1c9bdddf
    https://brainmass.com/economics/international-trade/arguments-for-protectionism-281929

    Solution Preview

    The national defense argument posits that if a nation anticipates the need to defend itself, it may need to have productive capacity for war-related goods at home. For example, although a country may not be able to produce metals efficiently, it may want to protect those industries through trade restrictions. If it become dependent on a foreign supply which is suddenly cut ...

    Solution Summary

    Analysis of the national defense, infant industry, and declining industry arguments for protectionism.

    $2.19