What is globalisation

Globalisation means the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology.
This case study test the students on the topic of globalisation.
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Protectionism is the economic policy of restraining trade between nations, through methods such as tariffs on imported goods, restrictive quotas, and a variety of other restrictive government regulations designed to discourage imports, and prevent foreign take-over of local markets and companies. This policy is closely aligned with anti-globalization, and contrasts with free trade, where government barriers to trade are kept to a minimum. The term is mostly used in the context of economics, where protectionism refers to policies or doctrines which “protect” businesses and workers within a country by restricting or regulating trade with foreign nations. This worksheet is based on a recent news about possible protection measures being taken by US Government to save its businesses from the ever deepening recession.

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