Globalism vs Protectionism : What is benefit to Korea.
Today I read article about the POSCO one of the most powerful company making steel in the world.
They suffer from the issue they imposed anti-dumping duties and lost their competitiveness in the world.
As barriers of country have been removed rapidly, the country that have cheaper labor cost and incidental fee like electricity and rental have exported their product competitively and more cheaper.
So, I understand the financial policy endorsed by advanced country.
But I wonder, it will have same result in exporting other product such as crop and meat.
Is it possible that they reject importing a number of crop or impose additional tariff?
Protectionism will be equal in every way and every country.