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Trade Policy from Protectionism to Globalization

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Free trade would result in increased trade, which would result in the creation of more employment. Nonetheless, the distribution of employment would not be equal. Nations, which export more products, would have more opportunities than other nations. Additionally, a nation that experiences an increased demand for its services would witness an increase in the employment rate. The current governments should enact measures that will increase their economic output. The administration should also ensure that they have a competitive edge over their competition. The competitive edge would result in higher demand. This would result in more job opportunities as producer attempt to meet the demand for their output on the globally.

Overall, enacting protectionist policies will protect employment opportunities in the short run. However, there are economic measures, which can spur economic expansion resulting in higher opportunities in the long run (Facchini 2007, p. 78). The government has key objectives of promoting industrialization in the nation. This has been a key justification for protectionist policies. However, free trade may also contribute to industrialization since a nation can import cheap raw material from other nations.

These inputs would provide the required inputs for increased production and industrialization. Free trading would not have some effects. However, the policy responses from the UK would be extremely vital in ensuring that they benefit from free trade. The government should respond with policies and incentives that ensure that they protect and encourage industrialization (NIESR 2000, p. 25). Protectionist policies are not the only means to protect industries. As such, free trade would also open up other markets, which the UK would export its products. Therefore, promoting industrialization is not a solid reason to enact protectionist policy in the UK since they are other ways to improve industrialization.

The above reasons are central to the enactment of protectionism. However, some of the reasons do not provide credible reasons for protectionism.

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