Protectionism Surges as Developing Nations Seek Economic Autonomy
The article discusses how countries use protectionism to regulate their economies. It looks at the history of protectionism in countries like Great Britain, Germany, the USA, and Russia. Protectionism can help domestic producers but may harm the economy in the long run. Modern protectionism focuses on protecting the market for consumers. Developing countries use protectionism to adapt to the global economy. Transnational corporations also influence the spread of protectionism. Overall, protectionism can help a country's economy grow faster and adapt to global competition.