Tag Archives : protectionism

Blame it on the customary deluge of Chinese imports all over, but some countries adversely feel the effect of the surfeit of everything ‘made in China.’ In July this year, ‘US Steelworkers asked President Obama to limit the amount of Chinese tires being imported into the country.’ The union had been reeling under the weight of ‘the sheer [...]

Vibrant economies are fueled by human capital. Today, in the age of globalized economy, that much-needed human capital is composed, to some extent, of migrant labor that has come about due primarily to the phenomenon of migration. The bigger economies of the world thrive on migrant workforces. Those who espouse anti-immigrant sentiment do not see the [...]

Before 2000, the buzzword ‘WTO’ was less understood. The primordial concern of tariff reduction was somehow nondescript to people. It was, perhaps, in the later concept of the governments’ uses of ‘non-tariff barriers to trade’ that got the WTO much press. The WTO has been controversial in such areas as anti-dumping measures, environmental [...]

If one shortcuts the path from the temptations of free trade and the current global recession, one can glean that free trade caused greedy and ambitious producers (plus all and sundry that support their endeavors in any which way) produce more and more, or perhaps even just attempt to produce more and more – all to fuel the overconsumption and greed [...]

There is one most obvious and logical reason why companies increase outsourcing during recession: cheap foreign labor. BPO companies especially in Asia are not threatened to be closed down even with the logically explainable protectionist policies that emerge in a time of economic meltdown. These outsourced offshore offices are confident that they [...]

There has been some criticism that the US rescue plan comes replete with protectionist measures. The plan is primordially meant to be the first law signed to ensure equal pay, thereby eradicating pay discrimination based on race and gender. What the recovery plan for the world’s biggest economy, now colloquially dubbed “Buy American,’ also reeks [...]