Free Traders vs. Protectionist


Free Traders

The opposite of protectionism is free trade, open trade between nations without any barriers to imports.This is a policy followed by some international markets in which countries' governments do not restrict imports from, or exports to, other countries. Free trade is exemplified by the European Economic Area and the North American Free Trade Agreement, which have established open markets.



Protectionism refers to government actions and policies that restrict or restrain international trade, often done with the intent of protecting local businesses and jobs from foreign competition. Typical methods of protectionism are import tariffs, quotas,subsidies or tax cuts to local businesses and direct state intervention.
Big image