Nolan asked in Social ScienceEconomics · 10 months ago

Econ Question?

Why might it not be a good idea for the government to use trade policy to protect newly emerging industries?

1 Answer

  • Oiy
    Lv 6
    10 months ago

    The free trade policy or export-oriented policy developed by Japan would stimulate the economic growth of the country more than the import substitution policy like in Latin America.

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