Many countries have adopted the principle of sustainable development it can combat gaginst environment deterioration in air quality, water quality and ...viable role for every member in the world.. production .health education in developing countries. But some argue that it's a vague idea, some organizations may use it in it's own interests, whether environmental or economic is the nature of interests. Others argue that sustainable development in developing countries overlook the local customs,habitude and people.
Whereas interdependence is desirable during times of peace, war necessitates competition and independence. Tariffs and importation limits strengthen a country's economic vitality while potentially weakening the economies of its enemies. Moreover, protectionism in the weapons industry is highly desirable during such circumstances because reliance on another state for armaments can be fatal.
For the most part, economis ts emphasize the negative effects of protectionism. It reduces international trade and raises prices for consumers. In addition, domestic firms that receive protection have less incentive to innovate. Although free trade puts uncompetitive firms out of business, the displaced workers and resources are ultimately allocated to other areas of the economy.
Imposing quotas is a method used to protect trade, since foreign companies cannot ship more products regardless of how low they set their prices. Countries that hope to help a new industry thrive locally often impose quotas on imported goods. They believe that such restrictions allow entities in the new industry to develop their own competitive advantages and produce the products efficiently. Developing countries often use this argument to justify their restrictions on foreign goods.
Protectionism’s purpose is usually to create jobs for domestic workers. Companies that operate in industries protected by quotas hire workers locally. Another disadvantage of quotas is the reduction in the quality of products in the absence of competition from foreign companies. Without competition, local firms are less likely to invest in innovation and improve their products and services. Domestic sellers don’t have an incentive to enhance efficiency and lower their prices, and under such conditions, consumers eventually pay more for products and services they could receive from foreign competitors. As local companies lose competitiveness, they become pressured to outsource jobs. In the long-run, increasing protectionism commonly leads to layoffs and economic slowdown.