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Protectionism

Created by : Akash , International Marketing Shabro  | 02 28 2009 09:25:47 +0000
Industry : FMCG/Foods/BeverageFunctional Area : Global Business(Strategy & Execution)
Keywords : recession globalisation free trade protectionism
Activity:  441 views;  last activity : 07 06 2010 20:18:09 +0000

Do you think the biggest economies in the world are moving towards protectionism due to recession?

  
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I think the pioneers of free trade and biggest economies of the world are moving to protectionism. The recent happenings prove this.

1. U.S. decision regarding H1B visa, denying tax benefits to companies outsourcing work prove that the biggest promoter of free trade is moving towards protectionism.

2. In UAE thousands of Indians have been sacked to safeguard local jobs. UAE is renowned for its free trade zone and an icon of free trade.

3. Our own Indian economy has raised Customs Duty on most imports.

 
By Akash , International Marketing Shabro  02 28 2009 09:25:47 +0000
 
Arguments in: "Protectionism"
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Yes It is true, Like Obama started giving more adds to American companies instead of other origin companies, which is like protectionism tosave their natives, as we are doing in our country.
By Nitin M Aras, Head/VP/GM-Tech. Support, ODTIN Food Solutions Pvt Ltd  | 03 13 2009 08:21:38 +0000
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yes ur right Akash. Indeed they are. It would be shortsighted to go into protectionist mode, the US government's stimulus package imposing restrictions on public procurement or discouraging US firms from outsourcing or restricting foreign workers is not in keeping with the spirit of global cooperation. It also runs counter to the current efforts to stem the sharp decline in the economic growth worldwide, especially in the US and other developed markets.....
By Shishir Srivastava, Sales/BD Manager, Reliance Retail  | 03 06 2009 12:24:25 +0000
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YES THEY DO AS THE SELF DEFENCE MECHANISM START WORKING ONCE THE PANIC BUTTON ( RECESSION)  IS PRESSED. 


By SRINATH ORN - MRICS, Vice President - Projects, Pallazio Hotels & Leisure Ltd  | 03 03 2009 03:53:16 +0000
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Countries should oppose protectionism, any form of protectionism because that would be according to my assessments suicidal. Any kind of protectionism at this time should be avoided.......
By Mitesh Gupta, Sales/BD Manager, Reliance Retail  | 03 02 2009 08:47:09 +0000
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