The Case for Protectionism
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- Опубликовано: 10 янв 2023
- The data shows that the trade deficit has become worse since Pakistan became part of WTO and began to slash its tariff barriers.
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In case of India, export of IT services at USD 200 Bn itself is sufficient to compensate for the entire energy import bill of around USD 175 Bn
I have just written a paper for my MBA, that discusses the role of neoliberal policies and trade agreements like NAFTA, in the destruction of Amercian communities and manufacturing jobs. Unfettered globalization and liberalization have only benefitted mega-corporations and the ultra rich. People all over the world are realizing the importance of protecting their industries, manufacturing things locally, and building resilient value chains.
Link, please.
Where can we access your paper?
Kindly send your paper link
can you please share your paper??
like any link or via email?
Exactly. The way india adopted protectionism to secure it's own industry. And now india's industries are supplying its product over the world. Also please share your paper as well
Thank you for sharing, sir. I'm managing my manufacturing business. Your points of view are entirely valid.
Jitna ap ne easy explain kia hai, aaj tak kissi ne nahin kia
More protectionism is not the answer. The problem is with our attitude towards protectionism, once we are protected, we don't feel the need to innovate or compete on an international level, the result is low productivity in agriculture, in industry, in services and everything else. Attitude and priorities need to change.
Shukriyah.
We should raise our standards to the competition of the world rather than favoring protectionism and devaluing the quality of materials. If we are incompetent, so we should go for competency instead of justifying the fault lines.
Agree with you. Sir, You are doing a great job.
Debate between internal and external causations theory weights dependency theory but criticism is that how did east Asian countries like Taiwan,Japan Singapore and china emerged as developed countries after integration with developed economics..
Respect from India
Sir plz send link of data to read them.highly appreciate your effort to cover every aspect of incumbent situation prevailing across Pakistan.
Sir I am student of International Relations, I love your videos
Informative
I think labour intensive countries can export skilled services instead of goods. It's like export of services to compensate for import of oil and defence products. In addition open and increase tourism in Pakistan.
A good option bt prorectionism is d best for less compitive nations
Good idea, but for tourism we have to improve peaceful environment, and take up the level of security to what the world standard is, we have promoted hatred, biased attitudes and intolerance in our society for personal gain, also have remained client state in war on terror and Afghan Jihad. All this have played havoc.
@@maliali2075 : time is to look forward and move ahead...
Mashallah sir very informative or bhot achi knowledge ap share ki or krthy arahe hai... Sir mera question a hai jo Pakistan ma jitney b industries hai o baqi countries ki industries ko compete nai kr skti ak reason apne bhot e achi tra explain ki... Baqi or konsi reason ho skthy hai jo hamare country k industries ko baqi countries k industries se rok rahi hai? Sir kindly explain or point out.
Great analysis sir
Great teachrr!!!! Sir sath sath isi trah videos me research papers refer kia kren ta k hmari reading achi ho...
2 questions
1) will protectionism not further tank our export because we will not get preferencial treatment.?
2) protectionism will create cartelization and elite will squeeze more juice out of poor.
3) why not take advantage of "comparative advantage" to build efficient economy
Hello sir thanks for all update
Great
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Love u Boss.
technology aur land reforms kaisy krein btaen vlog m
Will protectionism triplicate the exports of goods from Pakistan.?
Answer is No
Will protectionism reduce the oil import of Pakistan ?
Answer is No
Q is what should increase export revenue or built up currency chest for Pakistan ?
Answer is
A)services export,
B)inward tourism,
C) Diversion of energy baskets from Oil to Gas to renewables
apny kaha hum pak me private property itni jldi nh khtm kr skty.. aur na hee hum market economy ko jld khtm kr skty
phr ye aik solution apny protectionism ka btya.. baqi land reforms aur techmology.. aur mixed economy aur socialist economy ki trf kaisy jayeingy.. vlog dalain tarteeb sy in pay
Tourism, export services will increase currency reserve for Pakistan as well create jobs and employment within Pakistan.
Salam sir, i have been a frequent viewer of your channel. Though, your lecture about protectionism in the context of Pakistan is insightful as it suggests that protectionist policies have made growth possible in the economy in contrast to free trade, yet I think you've missed out PROVERTY RATES, UNEMPLOYMENT PERCENTAGE, and LITERACY RATIO in the country. It would be better for the sake of complete analysis to include above-mentioned data so as to compare that how globalization and subsequent economic integration had impacted country's broader socio-economic aspects.
In his defence, he explicitly mentioned that he'd be covering only a singular aspect - protectionism.
because it kills his arguement, stupid socialist has to nitpick
Make some long video about today situation in Pakistan in English on your second channel. i am not from Pakistan. i don't understand Urdu
Y bevkufi to hai aam country ko to krne chahiye y or Isko akhiri keel china pak FTA sign krdiya bade bade country drte hai Chinese cheap products se ispr dhyan de khasker sbse jada yhi hai every country their own intrest
Sir that is why I like in capitalism that in competition new technologies and innovations we witness .
humanity evolved and innovated even before capitalism was a thing
We can't imagine a world without capitalism, that's why we don't even know about alternatives.
Thats because we are made pro capitalist by society and this system
Sir you have made video on pak economic crisis recently where you have hightlighted that capitalism is the main issue and socialism is the solution. But we have witnessed the capitalist countries that are more developed, progressive n advanced in modern era. Plz explain with arguments how socialism, deregulation of markets, landrefirms, and protectionism will escape pak from the current crises plz elaborate. humble request
Moral of d story id Survival of d fittest so be fit to survive bt how to do that???? Capitalists sitting in pak will do that???? Hv they courage to break d status quo???
Solution is only one n is Alliance of change not change whch PTI wanted but d change what d people here want.
Alliance led by an organized community pushing policymakers to make pro poor policies n that too through negotiations,media n peaceful protests along with making d masses aware of d issues n solutions
Sir why did globalisation benefit india a lot in 1995?
How come countries like China, India, Malaysia, Turkey benefited from free trade? And become strong economy.
💗🇩🇪💗🇵🇰💗
What did Indian do to get out of the financial crisis during 1990s, when they were on the verge of default
They opened up their markets to free trade and pulled millions out of poverty, this chutiya is actively sabotaging his own country through the use of cherry picked stats.
پاکستان میں موبائل فون پر جو ٹیکس تھا وہ کوئی ادا نہیں کرتا تھا اور فون امپورٹ کرتے تھے۔
جب سے EMEI نمبر کے ذریعے ٹیکس کی ادائیگی لازمی بنائی ہے تب سے پاکستان میں فون اسمبل ہونا شروع ہو گئے ہیں۔
یعنی کم ٹیرف کے باوجود ملک کے اندر چیزیں بن سکتی ہیں۔
Drastically Improve and perfect pro-labor laws and environmental laws. Allow the foreign manufacturers to set up assembly bases in Pakistan, where they hire Pakistani labor and Pakistani labor alone. Set up high wages. The case being- the workers who produce something ought to be able to consume that thing, as well.
Protectionism doesn’t help, as such. Labor and the working class ought to benefit. The government should legislate upon policies to effect drastic improvements for working class- better safety and working conditions, better worker pays, education. Protectionism or no protectionism is secondary.
If the worker has deeper pockets on account of being able to receive his just dues, his purchasing power shall increase. Plus, have the company abide by local or municipal rules of the locales where they establish ie pay local taxes for revenue generation. General prosperity shall take effect.
Large foreign corporations ought to be confronted by stringent labor protections, stricter environmental policy. They themselves would then become dissuaded to invest much, and as if by an invisible hand, local manufacturers shall be saved without needing to employ tariff based protectionist policies. Medium and small sized foreign manufacturers and service providers ought to be encouraged more in order to expand and enlarge market choices atop the local offerings. In that way, a sea of small and medium businesses shall be maintained.
A protectionist policy shall give rise to more market consolidation, oligopoly, and income inequality.
And last but not least, do not fall for Anti-patent infringement bull***. They are meant to lock up creativity and stifle innovation thereby affecting the market dynamics.
Just ur first sentence is wrong, u cant set up environmental laws and also intice foreign manufacturers, you have to get the foreign manufacturers first without worrying about that. China was dumping gallons of pure poison into industries while they were the fastest growing economy, but now that they are rich they can finally start worrying about environmental effects.
DOn't you think, sir China is the largest beneficiary of WTO?
Everyone is complaining,siris the only one giving the solution
Protectionism or no protectionism doesn’t affect the working class. It’s all for manufacturing capitalist class.
Pakistan legacy of tears and blood
Please discuss pros and cons of CPEC
Doctor sahib jhoot q bol rhy! Imports pe itnay high to tariffs lgay huy hen! Ap mangva k dekhen zra 1 car apko lag pta Chal jyga.
Protectionism ka itna bura Hal hai k hmari local industry bahir se mehngi r quality me ghatia tareen products deti hen.
Is wja se hi hmary local industrial mafia gangs ko local sales itni lucrative r competition free milti hen k wo exports krny ki try bhi nhi krty
کیا بیت ذیادہ ٹیرف رکھ کر ہم سمگلنگ کو فروغ نہیں دیں گے؟ کیونکہ ایسا ہوتا رہا ہے۔
پھر کیا ہم کیا نارتھ کوریا کی طرح پوری دنیا کے تجارتی نظام سے الگ ہو جائیں؟
Jee nai hm japan k tarhan b ban skty hen kbhi japan k bary mn prha hai ya srf north korea ko prhty rehty o
Dr. Sb why do you put the plain truth so blatantly in your videos? It really makes us believe we really
are very weak indeed as a nation.
your economics is biased bro... your socialist views are just views and have no practicality.... if i am wrong then come to SDSB and have a debate