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The Spike [or Victoria University College Review 1961]

Conclusion

Conclusion

In concluding I can only emphasize that when protection is given to a domestic manufacturer against outside competition the consumer is indirectly subsidizing his operations or denying himself access to cheaper or better quality goods from overseas.

page 14

This can often be justified, but it must act as a balancing factor when deciding on the degree of protection to be afforded to specific industries.

Peter Hampton