ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Unfounded Fears

End of Quantitative Import Restrictions

The paranoia in some quarters over the ending of quantitative import restrictions will be proved unfounded and will die down. There will be some difficulties initially, particularly because domestic producers have been protected for so long. In the longer run competition from producers elsewhere will be beneficial for the domestic economy. This will, however, require policy-makers and other economic agents to give up their defensive attitudes and approach positively the tasks of becoming globally competitive.



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