Protectionism’s purpose is usually to create jobs for domestic workers. Companies that operate in industries protected by quotas hire workers locally. Another disadvantage of quotas is the reduction in the quality of products in the absence of competition from foreign companies. Without competition, local firms are less likely to invest in innovation and improve their products and services. Domestic sellers don’t have an incentive to enhance efficiency and lower their prices, and under such conditions, consumers eventually pay more for products and services they could receive from foreign competitors. As local companies lose competitiveness, they become pressured to outsource jobs. In the long-run, increasing protectionism commonly leads to layoffs and economic slowdown.

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