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Highlight the usual forms of protectionism employed and the consequent influence on the domestic manufacturing sector – Protectionism is defined as the policy of protecting domestic industries from foreign competition by means of various barriers to trade. These include tariffs, quotas, subsidies, Voluntary Export Restrictions, stringent quality requirements and boycott or sanctions. We will look at each of these later in the paper.Economic theory strongly disapproves of protectionism; the central argument in favour of free trade devoid of restrictions is the Theory of Comparative Advantage. This proposes that each country should produce that good which its particular combination of

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