REDUCE DEFICIT IN THE

BALANCE OF PAYMENTS
Trade protectionism uses INCREASE
Protectionism is limits
tariffs and quotas to reduce
imports, controlling current
GOVERNMENT REVENUE
The imposotion of
international trade to protect account deficits and
managing balance of protetctionism tools
domestic industries by imposing
payments disequilibrium. will raise revenue
barriers on the free flow of goods for the government.
and services.

PROTECT INFANT
CREATE MORE JOB INDUSTRIES
OPPORTUNITIES
REASONS FOR Protect infant industries by

PROTECTIONISM
Protectionism boosts using tariffs and quotas to
shield new industries from
local production, established competitors
increasing until they can compete
employment effectively.
opportunities.

DIVERSITY THE PREVENT DUMPING

ECONOMY Prevent dumping by
Encourage local stopping goods from being
sold abroad at lower prices
producers to create a than in the origin market
wider range of goods, due to export subsidies,
reducing dependency price discrimination, or
on one sector. excess supply.
 PROTECTIONISM
Application in
1 T A R IF F 5
Various Fields

TOOLS
a xes im p osed on Business and product
T
oods.
imported g d on the
innovation
e m - b a s e
Ad-voler s Artistic expression and
e/ pric e o f the good
valu design
ta riff- b ased on
Specific
o f the goods
. Problem-solving in
a n tit y
the qu daily life

2 Q U O TA SUBSIDIES ON 4 EMBARGO
3 EXPORT
Legal limit of subsidy to Total ban on imported
Government give
number of units company goods by government,
protect domestic
that can be st of based on different
by reducing the co
nce ideologies.
imported. production and he
ment
increasing govern
revenue.