So basically protectionism is an action take by a government to restrict international trade.it is done to protect local business or employement from foreign competition.certain methods such as increase in import tariff is adopted to benefit local business .

@azeemuddinsahab5700

3 жыл бұрын

Google copy🤣🤣🤣

nicely explained. hi from Turkey not Drawland.

Very helpful video! Thanks

Thank youuuuu !!! Very well explained

So president must have protectionist policies for a certain time till his country gets to a certain level of prosperity, prepare his country for reduced tariffs then minimize protectionist policies so his countries companies can bring more money from abroad while having good relations with other countries.

@Trill-Is-Real

Жыл бұрын

Exactly, because if they don’t the country will essentially become a vassal state to foreign companies

@NormalPerson053

4 ай бұрын

And thats the catch they never do that. Logically speaking why would he? He wants to win election embezzle money and repeat. For that he require 2 things vote and donations. Protectionism propoganda wins votes . Protectionism maintains monopoly of his donors he gets sponsored all the elections. And if shit hits the fan he flees from the nation

very well explained ..

I love this ❤️❤️❤️

Thank You

#notpoliticallybias

I heard President Ridiculo ended up negotiating some much better deals for Drawland. The silent majority of all the citizens loved it and it was great for everyone.. so much so that he was even reelected.

@irateaxolotl8474

4 жыл бұрын

ridiculo 2020 make drawland great again

Drawland do be looking like Turkey.

@cevirthek262

3 жыл бұрын

It is actually Turkey but only its Asian part lol

@mucheq5386

3 жыл бұрын

Looks like Yemen too

@cevirthek262

3 жыл бұрын

@@mucheq5386 They're both rectangle shaped countries but I can assure you it's Turkey lol

Really great video. Used it to teach my gr11 economics class. Thanks.

@mantonio121773

5 жыл бұрын

Typical misrepresentation / right wing, corporate industry piece. Not at all an unbiased description at the very least. It's 100% manipulation.

In other words: protectionism is the right policy to adopt when your coutry experiences a trade deficit, without revenue... meaning it is dependant on foreign countries. With protectionism you amplify your own production capability, make your coutry self sufficient and economically independent. But the money created for boosting the economy also creates an economic bubble. As the state it is then your duty to slowly open up the trading border in order to slowly make the bubble disappear. In the end you come out a stronger economy.

@badindian9862

3 жыл бұрын

Like the caribbean countries.their government follow concensus from washington. Eg ..trade liberalization and deregulation.tgere is no protection for the local markets,so forign good s and services undercut local producers therefore putting them out of business.

@user-mw3uf3ku3k

3 жыл бұрын

@@badindian9862 exactly. Trade liberalisation is only good for those coutries who are already economically stable, with full modern, diverse economy that could create riches. And most importantly , access and insurance to the resources and products you don't have domestically. This is what civilisation is based on since the dawn of man. When you control the access to other resources, you trade liberalism will only benefit you. If the access to other resources is very hard for you and dependant on others, you will be crushed by liberal trade. Therefore, the west should encourage liberal trade as much as possible while the third world should work on protectionism and against liberal trade. There is no objective good system. Every system has winners and losers.

@fluff5800

Жыл бұрын

Yes! Great example is china

But can you not have competition within the homeland? And can't you just do this with certain industries such as manufactured goods rather than every aspect of the economy?

V nice

Protectionism is helping yourself before helping others. Today, it is the populist rejection of globalism, corporatism, and neoliberalism.

@ROMEOTHEC4T

Жыл бұрын

Same goes for Socialism

That is great! Thank you for that explanation, which leads me now with the next question: The other extreme would be a country owned by the interest of foregin companies, incursioning in the politics that would benefit their trading and imports but not necesary having the citizens in mind... right? If protectionism wouldn't exist, what would make companies respect the laws that protect the needs of the social wealth in that country? because if is that so, the fear of Mr. Ridiculo is not so ridiculous... This is a genuine question, since i am by no means an expert.

@ImRezaF

5 жыл бұрын

My friend, companies have always interfere in politics whether those companies are dosmetic or not. You said it like dosmetic companies are these benevolent people wanting to help the citizen. That's not how it works. Say, X country is not a very good at agriculture, it could always import grain from a country that's more capable at it with a cheaper price but since X country has protectionist policy it banned grain import. Sure, you saved the agriculture jobs in your nation but at the same time, have fun with your skyrocketing grain price. In the end, it didn't help anybody.

@kafkaMt

5 жыл бұрын

@@ImRezaF but then, lets assume that is fairly capable of agriculture, but then came up another company, drop their price to compete with your own production, that would make the company a profit, but a cost of the stability of your community. Then the quality of jobs, foreign companies usually in Lat America don't like to pay taxes and don't like to pay fairly to the native workers. If the constitution of a country exhort the company to pay a better salary to the workers and pay taxes they just say that is taking a protectionist posture. I am not against foreign investments, but they need to help with the development of the country.

@ImRezaF

5 жыл бұрын

@@kafkaMt Here i said again, domestic companies also didn't like to pay taxes. This whole thing you said implying that domestic companies are so much better than foreign companies.

@kafkaMt

5 жыл бұрын

@@ImRezaF i know, but they should as well. But speaking about that, and still, all the money goes for the same country in case of the domestic companies. However, I notice your posture is biased cause first world countries have been benefited from that. But guess what, most of them have a protectionist posture themselves on their own ground.

@ImRezaF

5 жыл бұрын

@@kafkaMt So far, i can only think of the U.S. for a first world nation that has protectionist policies due to Trump. The money may still keep within the country but what good is the money if everything is expensive ? In the end, everyone's purchasing power is decreased.

Is Average Tariff a reliable measure of protectionism?

Drawland's resemblance to Turkey distracted me a bit. For the sake of making Drawland more realistic, do not forget to add North Cyprus in your next drawing.

@sachemofboston3649

2 жыл бұрын

True, illegal occupations should be included

Why did you use Turkey's shape and named it Drolland? Just curious.

@annas.1105

5 жыл бұрын

There talking about USA and trump lol

@annas.1105

5 жыл бұрын

+Anna S. They’re

@elifozkaya3041

5 жыл бұрын

I don't really care about the politic side of the video like what example it could have in real life or whatever but being a Turkish person it just looks weird when my countries land is named like that and it made me curious if there was a reason behind this or not

@angelgonzalez-sv7vc

5 жыл бұрын

Naw it's definitely trump aka president ridiculo

@galloe

4 жыл бұрын

Because Drolland still denies the Armenian genocide.

LOL nice

why does this guy's voice sound like male siri

0:08

drawland is certainly Turkey without European part

@MusaMansu

3 жыл бұрын

That’s what it looked like to me too.

Venezuela and Cuba explained in 4 minutes! 👍

@soshelp4085

4 жыл бұрын

lol, NO.

@galloe

4 жыл бұрын

Cuba was hit with an embargo, they didn't apply protectionism willingly, they were forced into isolation.

@glamrock3976

3 жыл бұрын

So USA would've be like Cuba or Venezuela because of Trump's protectionism? Right?

@BorreLira

3 жыл бұрын

Pablo Segovia There are so many variants of socialist policies governments can apply. Of course Trump”s protectionist policies are a form of socialist policies as described by Milton Friedman and even the Austrian School of Economics. The difference of USA with Cuba is their constitution which so far has protected the US from a big totalitarian menace. Castro’s regime started to nationalize means of production decades ago adopting something like the Soviet Union’s communist model which later led to conflicts with foreign countries. I’m not saying US capitalism is perfection because perfection does not exist, it’s simply not possible for human civilizations, but from free competition capitalism and protectionist socialism, history has proven free market capitalism is the less imperfect economic system which has allowed many countries to become prosperous, like New Zeland, Singapore and Hong Kong, for example. (Yes I know Hong Kong is now under China’s political power but so far they have remained free market capitalism). Thanks everyone for your comments! I really appreciate it. 😊🙏🏼

controlling trade so that not too much dept to other countries is better . most countries are in massive dept on all levels of government . u don't take into it about mass dumping of steel and countries that drop the value of there money .so that other countries local companies cant compete . then there is moral issues like slave labor sporting blood thirsty dictators .dept is bad if u cant pay it back .it is not free trade it is fare trade . if your in dose not equal your out some ones kids will pay for it .being self sufficient by growing bananas in the country .if u can keep the cost down makes u less vulnerable to demands of other countries.

@avaborch-solem2300

5 жыл бұрын

I think I got the general gist of what you said, but you should really work on your English to get your point across

한국인 손!

so, mike has a sister huh?

Is that Trump? :3

@tmcfootball96

5 жыл бұрын

Nope Trump's USCMA is a free trade agreement, which NAFTA with TPP provisions.

@johansandersen5492

5 жыл бұрын

Signs of Trump for sure. During his campaign, the president proposed a 35% tariff on Mexican imports and 45% on Chinese imports. He spoke about withdrawing from the Trans-Pacific Partnership Agreement to boost domestic production and thereby protect American jobs. The elephant in the room is the caveat for re-negotiations with treaty countries such as Mexico and Canada to make the terms more favourable to the U.S.

@soshelp4085

4 жыл бұрын

@@lukaradulovic7904 Trxmp for sure now

Drolland looks like Turkey and the other two like Germany and Russia. 😄

president Trxmp

Drolland =s Holland 🇳🇱

This Is SOUTH AFRICA... I'm so sick of the ANCs incompetence

@humanbeing4841

2 жыл бұрын

You think we have these problems because of protectionism?

You can't just say; "let's take the imaginary country" and put the map of Turkey. Be fucking respectful 1- It has a name 2- You did not add the European part of Turkey which makes me question that if you're being racist towards Turkey.

Typical misrepresentation. Should be obvious to everyone in the language alone.