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Benefits and Drawbacks of Free Trade and Protectionism
Underdevelopment could also impact the country's gross domestic product and depress the country's total exports as a result.
To sum up, protectionism is only good in fewer cases, but overall it results in many problems. Lots of countries are against protectionism because it also effecting economy of a country as well as of the world. For avoiding protectionism, countries are now going towards free trade agreements. What is more, free trade is a double-edged sword. On the surface it appears as equal opportunity for everyone in the pact. While it has some advantages, it also carries some disadvantages. The extent of disadvantages for any country in the free trade zone is directly related to the attained level of technology for that country
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