Question Description
I’m working on a international economics discussion question and need an explanation to help me study.
Let’s talk more about trade policy this week. While the world has become more interconnected and trade has globalized, some don’t see that trend as a positive. The article “The globalisation backlash paradox” from TODAY Online has this good quote:
“Consider free trade. While it is beneficial overall, its adverse distributional effects are undeniable, and it is easy to say who gets hurt (for example, advanced-country workers in lower-value-added industries like steel) and who is doing the damage (developing countries that can produce and export the relevant good more cheaply). The losers may be a minority, but they can band together to amplify their voice and maximise their bargaining power, especially if they are geographically concentrated. With a clear target, their outrage acquires force and legitimacy.” [1]
Do a little online research and find some examples of anti-globalization policies. Who benefits from those policies? Are the anti-globalization policies likely to help or hurt people and the local economy? One example I found is that France has instituted protectionist measures to limit the number of Hollywood films shown in the country. [2] They do so to support their national film industry.
[1] Subramanian, A. (2018, April 25). The globalisation backlash paradox. Retrieved from https://www.todayonline.com/commentary/globalisation-backlash-paradox
[2] Hopewell, J. (2013, June 19). Hollywood Stymied as Europe Sticks With Its Limits on Film and TV. Retrieved from http://variety.com/2013/film/global/hollywood-stymied-as-europe-sticks-with-its-limits-on-film-and-tv-1200497446/
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