Protectionism

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Protectionism is the economic policy of restraining trade between states, through methods such as high tariffs on imported goods, restrictive quotas, a variety of restrictive government regulations designed to discourage imports, and anti-dumping laws in an attempt to protect domestic industries in a particular nation from foreign take-over or competition. This is closely aligned with anti-globalization, and contrasts with foreign political free trade – there can be liberty in Protectionism if there are not restrictions in the inner –, where no artificial barriers to entry are instituted.

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