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How does the implementation of protectionist measures, such as tariffs and trade barriers, impact a country's economy and its relationship with the global market? Discuss
How does the implementation of protectionist measures, such as tariffs and trade barriers, impact a country's economy and its relationship with the global market? Discuss the potential benefits and drawbacks of protectionism for domestic industries, employment, and consumers. Explore historical examples where protectionist policies were employed, and analyze their long-term effects on economic growth and international relations. Additionally, consider alternative economic strategies that countries can pursue in lieu of protectionism
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