Pros And Cons Of Protectionism And Globalization

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The systems of political and socio-economical value are some of the most important when it comes to countries survival. The countries in today’s world, some prefer to be as involved and as cooperative globally as others, while others prefer to stay to itself and prefer to be as away and as uninvolved to the global efforts as possible. The terms for these as explained would be globalization, Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process is driven by international trade and investment and aided by information technology, and protectionism, protectionism is the economic policy of restraining trade between states (countries) through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations. The two policies both have their own pros and cons, but in the end, globalization is the best choice to go

Protectionism has both its pros and cons acquired to it, but in the end, it has its own pros and cons acquired to it. Protectionism is most often requested as a tool to provide more jobs in
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The situation in today’s society is that we are becoming more united, and sharing more ideas and giving ideas, and helping others, we are all interconnected now whether it be economically, or socially we cannot just stop all this exchange and go back to in my opinion is an isolationist type of way of running, and we are too depended on each other globally now to go back to this. The end results are as given globalism although very flawed still has a much bigger positive aspect about it and this policy, is the way to go and to raise and have strong political, and socio-economic
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