|
Self-sufficiency argument for protection
The view that a country is better off providing for its own needs than depending on imports. It may be based on fear that war or foreign governments will interrupt imports. This is a second-best argument, since many policies could provide for that contingency without sacrificing all the gains from trade.
Similar MatchesSelf-sufficiencySelf-sufficiency
Provision by one's self of all of one's own needs. In international trade this means either not trading at all (autarky), or importing only non-necessities.
|
