Advocates of competitiveness as a argument for trade protection

Question

Quizplus · Accepted Answer

Advocates of competitiveness as an argument for trade protection believe in an adversarial business model, where countries must compete with each other for market share. They often confuse economic growth with comparative advantage and favor protection of capital-intensive industries. They also fail to appreciate the role of industrial restructuring, which is necessary for long-term competitiveness. Therefore, all of the above options are correct.

Advocates of Competitiveness as a Argument for Trade Protection