The classic instrument for restraining trade is to impose taxes on imported goods (called tariffs) so that foreign products are artificially expensive and can't compete with domestic goods. ... Similarly there exist restrictions on foreign investment or the movement of capital. ... From a political perspective, foreign competition can bankrupt domestic businesses (which may benefit consumers with better value, more efficient goods, but disadvantages domestic companies whose employees face redund...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate

Globalization is defined with the focus of economics to mean the integration of the state economies through corporations' investment, trade and capital flow into the international economy. There are critics of globalization argue that economic globalization is the leading cause of the social problem...

• Word Count: 2557
• Approx Pages: 10
• Has Bibliography
• Grade Level: Undergraduate