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Why protectionism hurts the global economy, according to the WTO Chief Economist

This video is part of: Centre for the New Economy and Society

Protectionism involves restricting imports, often by putting tariffs on them to defend industries from foreign competition. In the short term, protectionism can boost domestic economies, creating jobs and swelling government revenues. But it can also reduce consumer choice and lead to trade retaliation from other nations along with a more uncertain global economic environment.

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