Economic Influence Of Protectionism

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By interpreting this economic model in relation to the tariff/quota imposing country’s cultural and political identity, I want to show that in most cases the economy is left worse off after limiting imports and obstructing free trade. Furthermore, the ones who are always hurt the most are the final consumers – the citizens of the country. They are the ones who play the major role when it comes to determining culture and political views. By leaving them worse off, the government shortsightedly makes them less happy from an economic point of view. The citizens feel less secure financially and are much more likely to view a wealthier nation’s culture and politics as superior to the ones of their own country. This effect may be less significant…show more content…
A preferred alternative would be to establish agreements and bilateral cooperation with foreign countries, which while less impactful in the short run, will create more favorable results in the long run. Despite protectionism’s flaws, it can be useful in international trade relations. Unfortunately, supporters of the policy likely do not consider its political and cultural impact but instead only its economic effects. One of the soundest arguments in favor of protectionism is that it can be used to effectively protect infant industries in the economy so that they may flourish. Infant industries are fields in which the economy is not…show more content…
Cases which concern protectionism of industries directly related to the production of cultural goods such as movies, music, and other forms of art clearly have a much more prominent effect on the domestic cultural views. Such restrictions are precisely established if the imposing country wishes to protect its cultural heritage from globalization and the influence of other nations. A great example comes to mind when one considers the cultural struggle between the US and the Soviet Union during the Cold War. Not only did both countries release numerous cinematic projects ridden with propaganda against the other nation, both countries heavily restricted any and all forms of music and movies coming from the other party in the “war” (Shaw and Younglood, 2010). A more recent case concerns France. According to The Economist, a French government committee has proposed a tax on all devices which can connect to the Internet (Wosh, 2013). This limits the exposure of French citizens to foreign media, art, and entertainment, acting as a tariff in certain ways. Furthermore, the committee suggests that all proceeds should go to the promotion of French cultural products. In this way, the committee plans to limit some of the effects of globalization and to preserve the cultural heritage of the French people. Such policies may be considered as limitations to the freedom of self-expression by some people. China officials take this mentality one

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