Restrictions on trade: What does it mean for the economy?
Journal: Theseus (Ammattikorkeakoulujen)
Year: 2019

This thesis studies the impact of restrictions on trade on the economy. Its objective is to answer the question: “What kind of an impact do trade barriers have on the econo-my” and “is protectionism more advantageous than free trade, or is it the other way around?” The current belief among the economists is that the free international trade is better than restricted, and this thesis tries to show whether this is the case. &#13;\nThe theoretical framework for this thesis is the theories of protec