A case might be made for long-term protection of markets with excess productive capacity or excess labor when such protection could facilitate an orderly transition.

Question

Quizplus · Accepted Answer

A case might be made for temporary protection of markets with excess productive capacity or excess labor when such protection could facilitate an orderly transition. Unfortunately such protection often becomes long term and contributes to industrial inefficiency while detracting from a nation's realistic adjustment to its world situation.

A Case Might Be Made for Long-Term Protection of Markets