Essay about The Establishment of Globalization

1364 Words6 Pages
Traditional international trade involves a complex system of trade barriers to ensure the protection of domestic industry and its workers interests. The trade impediments and subsidies include protective tariffs, import quotas, non-tariff barriers such as licensing, and export subsidies. Originally, a country’s economy acted independently of other nations. The growing trend since the establishment of GATT in 1947 is globalization. Introduction In globalization, a country acts as a part of a free trading community consisting of member nations around the globe. As a trading community, trade problems can easily be resolved through negotiations rather than a trade war (McConnell 104-105). The US government employs the use of protective…show more content…
Currently, there are several products, which have an AD order on them; barbed wire and barb less wire strands, welded carbon steel pipe and tubing, line and pressure pipe, oil country tubular goods, hot rolled carbon steel flat products, corrosion-resistant carbon steel flat products, cotton shop towels, solid urea, steel concrete reinforcing bars, sugar, cut-to-length carbon steel plate, stainless steel plate in coils, iron construction casting, carbon steel butt-weld pipe fittings, brass sheet and strip, frozen concentrated orange juice, industrial nitrocellulose, silicon metal, circular welded non-alloy steel pipe, stainless steel wire rod, silicomanganese, stainless steel wire rod, stainless steel bar, line and pressure pipe, new steel rails, pure and alloy magnesium, fresh Atlantic salmon, preserved mushrooms, chloropicrin, barium chloride, greig polyester cotton print cloth, natural bristle paint brushes and brush heads, petroleum wax candles, porcelain-on-steel cooking ware, tapered roller bearings, heavy forged hand tools w/wo handles, sparklers, sulfur chemicals, sulfanilic acid, helical spring lock washers, sebacic acid, paper clips, cased pencils, coumarin, fresh garlic, furfuryl alcohol, glycine, melamine institutional dinnerware, to obtain a complete product listing visit the antidumping website. Countervailing duties are used to help industry compete against foreign subsidized industry. A country will subsidize an industry it
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