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Lévy-The rise of Asian emerging countries in the global economy
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... post-World War II era, has stimulated the opening of the world economy. The main feature of globalization, and especially of its intensification in the 1980s, is increasingly fierce competition among countries and among multinational corporations (MNCs). This article first considers the process of c ...
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... proportion being significantly higher in "critical components" segment for each subsector. Machine tools, heavy electrical and power plant equipment are sub-sectors that are particularly weak in self reliance with ~40% of demand being met by imports. b. Indian share in global exports in the capital ...
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Protectionism

Protectionism is the economic policy of restraining trade between states (countries) through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to allow (according to proponents) fair competition between imports and goods and services produced domestically.This policy contrasts with free trade, where government barriers to trade are kept to a minimum. In recent years, protectionism has become closely aligned with anti-globalization and anti-immigration. The term is mostly used in the context of economics, where protectionism refers to policies or doctrines which protect businesses and workers within a country by restricting or regulating trade with foreign nations.
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