ABSTRACT
THE ADVANTAGES of tariffs are as follows: They awake the spirit of enterprise in a country. They encourage young people to attend technical schools and to travel abroad to complete their studies. They encourage workers to give up existing jobs and to devote themselves for the rest of their lives to a new occupation - after first acquiring the necessary skills - even though success in the new job cannot be guaranteed. Tariffs safeguard the industrial enterprises of entrepreneurs who take risks and have no means of knowing if they are going to be a success or not. Tariffs encourage capitalists, manufacturers and skilled workers to migrate to our country bringing with them their money, machinery, and technical knowledge. Tariffs enable new factories to reach at a stroke the same degree of efficiency as most advanced enterprises abroad. They make it possible for these factories to make goods of as high quality as those produced in more advanced industrial countries. Tariffs give to entrepreneurs as large markets and as many customers as those enjoyed by foreign factory owners.
