Detailed text transcripts for TV channel - DW - 20180328:16:36:00
Are edged out by by free trade. but the products produced at home are more expensive and not always state of the art since there is no competition from abroad innovation begins to lag. growth also starts to stagnate companies produce almost exclusively for the domestic market neighboring countries respond by instituting protectionist measures of their own and introduce import tariffs. and this is what happened after the nine hundred twenty nine stock market crash in the us within just a few years global trade declined by two thirds. once one country institutes protectionist measures others fol...