Section 5
Arguments for and Against Protectionist Policy
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![Thumbnail](../../../../../../figures.boundless-cdn.com/21208/square/iraq-infant-mortality.jpg)
National Security Argument
National security protectionist arguments pertain to the risk of dependency upon other nations for economic sustainability.
![Thumbnail](../../../../../../figures.boundless-cdn.com/21202/square/gdp-28nominal-29-in-us-24.jpg)
Infant Industry Argument
Economic markets are inherently competitive and newer economies are vulnerable to their more developed counterparts in other countries.
![Thumbnail](../../../../../../figures.boundless-cdn.com/21205/raw/monopoly-surpluses.jpg)
Unfair Competition Argument
One of the strongest arguments for trade protectionism is unfair competition emerging due to differences in policy and enforcement ability.
![Thumbnail](../../../../../../figures.boundless-cdn.com/21207/square/ve-current-account-balance.jpg)
Jobs Argument
Many policy makers who are proponents of trade protectionism argue that limiting imports will create or save more jobs at home.
![Thumbnail](../../../../../../figures.boundless-cdn.com/21199/raw/orthographic-projection-29.jpg)
A Summary of International Trade Agreements
International trade agreements are agreements across national borders that reduce or eliminate trade barriers to promote economic exchange.