What is a fundamental goal of economic protectionism?

The fundamental goal of economic protectionism is to shield domestic industries from foreign competition. This approach involves implementing policies that restrict or regulate foreign trade, such as tariffs, quotas, and subsidies, which are designed to protect local businesses from being overwhelmed by international competitors. By reducing the level of competition from foreign products, protectionism aims to support domestic production, preserve jobs in local industries, and encourage the growth of the national economy.

This strategy can be particularly appealing for emerging industries that may struggle to compete internationally or during times of economic turbulence when protecting jobs is crucial. By fostering an environment where domestic industries can thrive without the pressures of global competition, protectionism attempts to create a more stable economic landscape for local firms.

In contrast, options that involve encouraging free trade, promoting global economic integration, or protecting foreign investment do not align with the core objectives of protectionism, which focuses specifically on supporting and safeguarding local industries against external competition.