Economies have disappeard since onset of globalisation

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Many rich developed countries (like countries of the EU or the US have suffered from inexpensive imports coming from Asia and other emerging countries. As a result, many industries and parts of sectors of our economies have disappeard since the onset of globalisation. Selected politicians in the rich countries are calling for tough measures to support local industries and protect employment in the West. Provide an educated explanation and opinion on these issues. What could or should be done in your view?

Reference no: EM131165506

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