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The United States Government should intervene in international trade to protect the interests of its citizens and increase the overall wealth of the nation There are political as well as economical arguments which support this idea The political arguments for government intervention in international trade are mostly concerned with protecting the interests of certain groups within a nation normally producers often at the expense of other groups normally consumers The three major political arguments for intervention are concerned with the protection of jobs protecting industries deemed important for national security and retaliating to unfair foreign competition The issue of job protection is a major argument influencing intervention The security of someones job is very valuable and a large amount of public concern is sent to government officials The citizens put an extreme amount of pressure on the government to pass legislation to ensure that their jobs are somewhat stable Some examples of groups created by government legislation are the Voluntary Export Restraints VER that offered some protection to US automobile machine tool and steel industries and the Common Agricultural Policy CAP created the European Union protected the jobs of European politically powerful farmers Although CAP restricted imports and guaranteed prices it cost Europes consumers This is true of most attempts to protect jobs and industry The second of the major argument deals with protecting industries deemed important for national security Such industries include aerospace advanced electronics semiconductors etc Although not that common of an argument any more many still feel that it would be dangerous to rely primarily on foreign producers in these industries In 1986 this issue created so much concern that it persuaded the Federal Government to contribute 100 million dollars a year to support Sematech-a combination of 14 US semiconductor companies that account for 90 of the industries revenues The US Government considers themselves the policing-power of the world and is not to fond of other nations that
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