… is from page 261 of 2014 Economics Nobel laureate Jean Tirole’s 2017 book, Economics for the Common Good:
Protectionism takes away the benefits of international specialization, and it removes the stimulus of competition, which pushes companies to improve themselves rather than profit from captive consumers.


Protectionism takes away the benefits of international specialization, and it removes the stimulus of competition, which pushes companies to improve themselves rather than profit from captive consumers.
