Protectionism is the variety of strategies that countries practice in
order to ensure that jobs stay in the country and aren't lost of
shipped over seas, and to promote the purchase of domestic products
rather than imports. Protectionism is used in order to keep domestic
jobs by promoting the purchase of products made domestically, rather
than purchasing cheaper, and often times of lesser quality, imports.
I believe that it is important to "buy American" in order to support
local production companies, rather than resorting to cheaper imports,
because it supports the increase of domestic jobs, and keeps money
inside the country. With that said, however, I do not believe that
the US government should become exclusively protectionist or even go
so far as to pass protectionist legislature. While it is being seen
around the world in other countries, I feel that it is important to
partake in a national economy where all the countries depend on each
other. Although, I think it is still important to promote the
purchase of domestic goods that aren't being exported because of other
countries' protectionist tendencies, and to avoid outsourcing of jobs.
There are also exceptions to this feeling, however, including the US
governments trade embargo with Cuba, which is less about protectionism
and more about the US government showing their disapproval of the
Cuban government.
The first political cartoon depicts two scenes, one of a corporation
in the US and one of a similar seeming corporation in China. The
caption says "return to protectionism....". In the US scene, the
leader of the corporation is saying "Buy American", while in the China
scene, which is very similar to the US scene even down to the pattern
of the leaders' neckties, the leader of the corporation is saying
"Pirate American". This is saying how if all countries return to
protectionist measures, China will simply keep copying American goods
and practices, and profit from it within their own country.
In the second political cartoon, two men, seemingly Obama and Uncle
Sam, are in a car labeled USA, which has backed out of the entryway
labeled "Free Trade" and run over tire treadles. There were clear
signs indicating that once you enter the area labeled Free Trade, you
are not able to leave or reverse your actions otherwise serious and
debilitating consequences will occur. The cartoon is showing that
Obama has attempted to remove the country from free trade by getting
the government deeply involved in regulation, but it has only made the
country, in this case the car, worse.
> Define protectionism. Should the US government become more
> "protectionist" when it comes to world trade? In addition to some of
> the examples used in the book, please use some other more recent
> examples to help support your answer.
>
> Finally, after viewing the political cartoons below, descibe each in
> your own words. We will discuss the cartoons in class as well.
>
>
http://www.inkcinct.com.au/Web/CARTOONS/2009/2009-062--return-to-prot...
>
>
http://assets.comics.com/dyn/str_strip/000000000/00000000/0000000/200...