Historically, this trade has been controlled by governments, either through force or through import and export taxes (tariffs), subsidies and other regulations. ... The support by government of national interests, through tariff and non-tariff measures, is known as "protectionism". ... There is no government; 2. ... As we enter the 21st century, the ideology of trade liberalisation is now more dominant than ever in the governmental forums, especially those of the west, and is rarely questioned amongst economists all over the world. ...

• Word Count: 3038
• Approx Pages: 12
• Has Bibliography
• Grade Level: Undergraduate

Yet, even though Japan was the world's largest foreign direct investor, the low level of inward FDI coming from elsewhere was cited as evidence of the closed nature of Japan's market overtaken by government supported conglomerate firms known as the "Keiretsu". ... Over the export development period, South Korea and Taiwan increased their import intensity from Australia and New Zealand and increased their export intensity with the USA and Japan in the early 1990s. ...

• Word Count: 3533
• Approx Pages: 14
• Has Bibliography
• Grade Level: Undergraduate

A Dutch academic who maintains a good website on globalisation, Ruud Lubbers, defines it as a process in which geographic distance becomes a factor of diminishing importance in the establishment and maintenance of cross border economic, political and socio-cultural relations Left critics of globalisation define the word quite differently, presenting it as worldwide drive toward a globalised economic system dominated by supranational corporate trade and banking institutions that are not accountable to democratic processes or national governments Globalisation is an undeniably capitalist proce...

• Word Count: 9131
• Approx Pages: 37
• Grade Level: Undergraduate

Kevin Rudd, a former Prime Minister of Australia and current Member of Parliament argued that the best part about globalization is that it lifts economic growth rates and living standards around much, though not all, of the developing world, and in developed countries as well. ...

• Word Count: 3315
• Approx Pages: 13
• Grade Level: Undergraduate

The world was in need of a stimulus, but governments were cutting their spending as much as possible. ... "At the core of differences on agricultural trade were the enormous government subsidies that some leading producers were paying farmers to keep them competitive internationally." ...

• Word Count: 2688
• Approx Pages: 11
• Grade Level: High School