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To: GraceZ who wrote (16912)2/9/2004 10:11:27 AM
From: Amy JRead Replies (1) | Respond to of 306849
 
Grace, RE: "This is the biggest problem with protectionist policies designed to lessen the pain of unemployment caused by jobs moving to places with a lower labor cost, it keeps people continuing to work in occupations that no longer have a competitive advantage and stops them from doing what they need to do, which is retrain and move into industries and occupations where it is possible for them to be competitive."
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Extremely well said.

I'd add,

Protectionism creates short-term gain and long-term pain.

Regards,
Amy J