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(Globalisation and trade, 2001) Protection such as tariffs may help prevent unemployment in certain parts of the economy, but the consumer will be disadvantaged in paying higher prices. The best solution would be to subsidise investment in certain parts of the country where the consumer would not suffer.
The author states that globalisation has increased unemployment and reduced the quality of jobs in many developing countries, namely India. Critics of the World Trade Organisation (WTO) have also stated that free trade has resulted in the poor becoming much poorer. They argue that the developed countries have actually upheld protectionist policies and that the less developed countries do not have the economies of scale and infrastructure as the developed countries have to benefit from free trade...
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