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Some studies have suggested that industries in countries that receive protection from foreign trade [for example, by the country having tariffs] are less efficient than the same industries in other countries that do not receive protection.

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Some studies have suggested that industries in countries that receive protection from foreign trade [for example, by the country having tariffs] are less efficient than the same industries in other countries that do not receive protection.

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This is true because industries in such nations do not face competition from more efficient players in other nations and thus, do not make extra effort to ...

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Sandeep Bardia, MBA
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  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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