Should a country try to protect the jobs of its citizens by protecting its industries?
If every country worked truly for its own best interest given their economic strenghts, would that not be better? Why would a great rich country with a lot of greatness economically including a great standard of living and quality of life etc...want its citizens to become poorer, earn less wages, have less benefits, etc??? What kind of govt works against the interest of the people it is supposed to represent?
Asked By: jesswzmn - 2/8/2009
Best Answer - Chosen by Asker
Answered By: Bob S - 2/8/2009
Additional Answers (1)
Protectionism always results in less prosperity, lower economic growth. See Smoot-Hawley Tariff Act.
Answered By: Call Me Bwana - 2/8/2009
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