A.what
B.to
C.referred
A.【T1】______ is new is the realization
B. distribute resources and incomes【T2】______ societies satisfaction
C. The old protectionism【T3】______only to trade restricting and trade expanding devices
In a sense, the new protectionism is not protectionism at all, at least not in the traditional sense of the term.【T4】______ , such as the tariff or export subsidy. The new protectionism is much broader than this; it includes interventions into foreign trade but is not limited to them. The new protectionism, in fact, refers to how the whole of government intervention into the private economy affects international trade. The emphasis on trade is still there, thus came the term "protection". But【T5】______ that virtually all government activities can affect international economic relations. The emergence of the new protectionism in the Western world reflects the victory of the interventionist, or welfare economy over the market economy. Jab Tumiler writes, "The old protectionism...coexisted, without any apparent intellectual difficulty with the acceptance of the market as a national as well as an international economic distribution mechanism. Indeed, protectionists as well as (if not more than) free traders stood for laissez faire. Now, as in the 1930s, protectionism is an expression of a profound skepticism as to the ability of the market to【T6】______ . "