The days are gone when something was made in one country and exported. Products now contain parts from all over the world. Like the unique barbie doll and Boeing Jets.
“…The World Bank says that, since the G20 leaders last met in November in Washington, DC, 17 of their countries have restricted trade. Some have raised tariffs, as Russia did on second-hand cars and India did on steel. Citing safety, China has banned imports of Irish pork and Italian brandy.
Across the world, there has been a surge in actions against “dumping”—the sale of exports, supposedly at a loss, in order to undermine the competition. Governments everywhere are favouring locally made goods” The Economist.com.
So, now are we driving without wheels in the shade of globalization? and let’s discuss on this…
Why China banned imports of Italian Brandy and Irish Pork?
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