Posted: March 6th, 2017

Despite the accepted benefits of comparative advantage,. international trade has been impeded by various governments around the world through the implementation of protectionist policies such

Despite the accepted benefits of comparative advantage,. international trade has been impeded by various governments around the world through the implementation of protectionist policies such as;
The infant industry argument
Changing comparative advantage and the inflexibility of workers
To prevent damaging and other unfair trade practices
To improve a country s terms of trade by exploiting its market power
To protect declining industries

You are required to: provide counter arguments to the protectionist policies listed above..