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In recent years, a call for protectionism is on the rise both in Europe and the US. Protectionism is the classic mercantilist approach in which

In recent years, a call for protectionism is on the rise both in Europe and the US. Protectionism is the classic mercantilist approach in which countries pursue policies to boost exports and at the same time limit the inflow of imports. What is the usual outcome of these policies?

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