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Globalisation
3 - Coggle Diagram
Globalisation
3
Protectionism
purposes
-
developed countries
over production released
ingo developing
nations = domestic
producers can’t compete
=dumping
Domestic Employment
=help protect domestic
jobs if infant countries
are allowed to grow or
local businesses aren’t
undercut by MNCs
Externalities
=some goods
like illegal drugs have
significant harmful impacts
on society so should be
blocked
-
Protectionism
measures
Tariffs
=taxes placed
on imported goods
that are not applied
to domestic goods
=consumers face a
higher price
=protected from
overseas competition
-
Gov Legislation
=employ measures
like complex legal forms
=health and safety
=product specifications
=discourage imports by
raisinb costs
-
-
-
-