So we would avoid the disruption of structural change, but overall would be poorer than otherwise would have been the case, as would, perhaps, our trading partners. It is hard to believe such an outcome could be achieved and no less difficult to imagine it being thought desirable.
Realistically, we won’t be able to hold the economic structure static in that fashion if there is a major, persistent change in relative prices. Nor, I would argue, should we try.