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Question: How does protectionism affect gross domestic production (GDP)?

Answer: The vast majority of economic literature suggests that protectionist policies reduce the gross domestic product, or GDP, of domestic and foreign nations. And, as a logical corollary, strong evidence suggests trade liberalization, or the removal of protectionist barriers by a home country, creates significant productive benefits and expands GDP.

The vast majority of economic literature suggests that protectionist policies reduce the gross domestic product, or GDP, of domestic and foreign nations. And, as a logical corollary, strong evidence suggests trade liberalization, or the removal of protectionist barriers by a home country, creates significant productive benefits and expands GDP. Source: CoolInterview.com

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