What is the difference between free trade and protectionism
protectionism tries to limit free trade to protect certain industries from foreign competition. the cost is higher prices for consumers, and lack of progress in these industries. Between free trade and protectionism: strategic trade policy and a theory of corporate trade demands - Volume 43 Issue 2 - Helen V. Milner, David B. Yoffie Skip to main content Accessibility help We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Economists prefer free trade as opposed to protectionism. By employing comparative advantage a country is entitled to many profits which are much far beyond the resulting losses. There are many job opportunities which are created through free trade because a country is allowed to specialize and produce that which is best at.