Friday, August 18, 2017

SOP

AITOOW wonders why nations that want to limit imports don't change their standards from established standards? Foreign manufacturers would be less likely to create competing products for a singular market. They would provide their industries with an advantage. This would work especially well for emerging countries. You would "block" imports from "removing" your currency and motivate internal growth. Tariffs help, but, they don't result in an improvement in your industrial capabilities. Large countries could also benefit from their substantial domestic markets.

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