The Politics of Trade Panics

If you're running a strategic export dependent. industry, there are countries around the world who are considering banning those industries. The process seems to be that they're good at lobbying within their country. They get protectionism protection from cheaper imports and then they use that to subsidize international expansion. "There's no way" any country with such a strategic industry is going to be good at lobbying or else it would not have said strategic industry anymore."