Arguments for Protectionism

1. To develop infant industries

-Potential
2. Decline gradually
+ Due to restrictions on imports, it provides time for labour to be retrained and re-channelled to
other growing industries. This will reduce the incidence of structural unemployment.
- Due to restrictions on imports, it unnecessarily slow down the restructuring process by depriving
thriving industries of valuable resources.
3. Employment
4. BOP disequilibrium
5. Anti-Comptitive actions
Due to protectionism (Duties)