protektionismi
Protectionism, or protektionismi in some languages, is the economic policy of restricting international trade to protect domestic industries from foreign competition. It relies on measures such as tariffs, import quotas, subsidies to domestic producers, and regulatory barriers to entry.
Historically, protectionism has been rooted in mercantilist ideas and industrial policy. Proponents argue it preserves jobs,
Common instruments include tariffs, import quotas, export subsidies, domestic content requirements, anti-dumping duties, and non-tariff barriers
From a trade theory perspective, protectionism can distort comparative advantages and reduce efficiency; however some interventions
Modern protectionist policies operate within international trade rules under the World Trade Organization framework and regional