ECONOMIES ASSOCIATED

WITH ECONOMIC
GLOBALIZATION
PROTECTIONISM
• PROTECTIOISM refers to the government policies that restrict
international trade by imposing tariffs, quotas, product standard, and
subsidies.
SUB
SID F FS
IES I
TAR

PRIMARY
POLICY
TOOLS

T QO
C
U D UTA
O D R S
PR NDA
STA
 These are charges to importing countries
TARIFFS in the form of either money or goods
that will serve as a payment for allowing
its international products to be sold in
the local market. It also raises revenues
of the government and protects
domestic products from foreign
competition due to the price hike of
imported goods.
IMPORT This is a kind of tariffs
that lessen the number
QOUTAS of products that can be
imported for a certain
period of time.
 This is kind of barrier that
PRODUCT imposes strict standards in
STANDARD imported products which
make it difficult for
different importing
countries to bring their
goods in local market.
GOVERNMENT Incentives and cash
SUBSIDIES payment are distributed to
domestic business to
encourage them to expand
their market globally by
increasing international
export.
 ADVANTAGES OF PROTECTIONISM:

a. Taxes imposed on exporter countries

b. Strict and rigid policies
c. Encourages the exportation

DISDVANTAGES OF PROTECTIONISM:

Protectionism policies often time support.