Protectionism & Development
Download PDF Are protectionist policies necessary for development? Discuss using traditional and contemporary examples. Protectionism is the economic policy of states deliberately minimising trade with other states in order to protect their own industries. It is a policy that has proved successful throughout the centuries in developing strong economies but is considered negatively in the modern neoliberal era by international institutions such as the World Bank, International Monetary Fund and the United Nations, with free trade being seen as the standard to which international financial — Read more →