It is sometimes argued that nation should not depend too heavily on other countries for supplies of certain key products. this argument is commonly known as the .

national interest argument

Explanation:

A nation should not rely on other countries for supplies of key products

Small domestic industries need to gain incentives and protected from foreign competitors in a period enough so they can become available to compete for world wide.

East Asia embraced this view, and often its growing industries were able to compete worldwide but, some greater low income countries became protectionist taking the mentioned policy and still it seemed to result from a problem as government increased spending in national or key industries and contracted huge amount of debt than then resulted unsustainably.

The case of Latin America contrasts to the European case since in unequal circumstances the results will turn different outputs and Europeans have a tradition of protectionism as we can see it in the image below: