QuestionJuly 15, 2025

5. Other nations allowed Japan to set up economic barriers to protect its struggling industries from competition after World War II Some economists believe that trade barriers are harmful to all nations in the long term. From what you know about Japan's present trade barriers against U.S. products, do you agree with this theory? Explain your answer in one paragraph.

5. Other nations allowed Japan to set up economic barriers to protect its struggling industries from competition after World War II Some economists believe that trade barriers are harmful to all nations in the long term. From what you know about Japan's present trade barriers against U.S. products, do you agree with this theory? Explain your answer in one paragraph.
5. Other nations allowed Japan to set up economic barriers to protect its struggling industries from competition after World War II Some economists believe that trade barriers are harmful to all nations in the long term. From what you know about Japan's present trade barriers against U.S. products, do you agree with this theory? Explain your answer in one paragraph.

Solution
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Answer

Japan's post-World War II economic barriers were initially beneficial in protecting its nascent industries, allowing them to grow and compete globally. However, in the long term, such trade barriers can lead to inefficiencies and higher costs for consumers. Presently, Japan maintains certain trade barriers against U.S. products, which can limit competition and innovation within its market. While these barriers may protect specific domestic industries, they can also hinder overall economic growth by reducing the incentive for local companies to improve and innovate. This aligns with the theory that trade barriers are ultimately harmful, as they can stifle competition, increase prices, and reduce the variety of goods available to consumers, negatively impacting economic welfare in the long run.
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