Ch07_D270_2025_Spring_LN - Tagged

fighting unemployment

economic rationale. Unemployed people can form pressure groups for import restrictions. This can lead to retaliation from other countries, big economic effects, reduction in import jobs.

Protecting infant industries

economic rationale: that a gov should shield an emerging industry from foreign competition by giving it a large domestic market share at first. Import restrictions could include higher prices and taxes.

Promoting industrialization

economic rationale. protect industrialization because it brings in investment funds, diversifies the economy, creates jobs and growth in markets.

improving comparative positions

economic rationale. enhancing a country’s ability to compete in the global mkt in comparison to other countries by keeping tabs on balance of trade, gaining access to foreign markets, influencing prices and using restrictions for bargaining

maintaining essential industries

noneconomic rationale. apply trade restrictions to protect crucial domestic industries so they aren’t dependent on foreign supplies during hostile periods.

promoting acceptable practices abroad.

noneconomic rationale. encouraging ethical business conduct and standards in international trade to align with domestic values and promote social responsibility.

maintaining or extending spheres of influence.

noneconomic rationale. using trade to support spheres of influenceand geopolitical interests, ensuring that a country can maintain control or influence over other regions.

preserving national culture

noneconomic rationale. to help sustain a collective identity that sets a country’s citizens apart from other nations