Question 6: Controversies in Trade Policy
After the Seattle 1999 World Trade Organization Ministerial Conference fiasco, in the
next 2 years, large anti-globalization demonstrations rocked the International
Monetary Fund and Work Bank in Washington. What was the anti-globalization
movement goal- and was it right? Explain you answer and where appropriate use
figures.
Anti-globalization movement: The movement is also known as global justice movement which serves as an indication of self-protection. As globalization has already made people worse; it was an actual need to introduce the anti-globalization movement. With the help of this movement government majorly try to protect the domestic producers by imposing minor restrictions on some countries. It was observed that most of the US employees lose their job, because the US industries which have comparative advantage in making their goods lose their job. It happened because most of the low wage countries set up the industries in their country.
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