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Globalization by Sarah Powell, Pervez Ghauri

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Barriers to Globalization

Globalization is built on open markets but progress to a global market economy is not always smooth. National governments are expected to protect and develop their economies and this involves controls. Despite international efforts to liberalize markets, protectionist measures in the form of import taxes and other nontariff barriers[] persist today.

Nontariff barrier—while a tariff is another word for a tax, a nontariff barrier to trade, or NTB, can take many forms. These may include subsidies to domestic producers, import quotas and licenses, special packaging and labeling regulations, and health and safety rules.

Liberalizing trade

While huge changes have taken place, the tendency for nation-states to seek advantage ...

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