Interconnected Dimensions of Economic Globalization

Trade of goods and services, financial and capital markets, technology and communication and
production

The Great depression of 1929 marked the peak of protectionalism

Tariffs and its purpose: It raises money for the government and protects domestic producers from
foreign competition.
Photo References:

International Trade

https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwiV3476jNfkAhV
L_aQKHWKfCqcQjB16BAgBEAM&url=https%3A%2F%2Fslideplayer.com%2Fslide%2F8328445%2F&psig=
AOvVaw0O6NGItVwOZBAQ6CXaoN8s&ust=1568783675126773

The Great Depression

https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwjA886QjtfkAhU
Ir6QKHQ-
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%2Fdustbowl-great-depression%2F&psig=AOvVaw1rsj0-XScP-O5XbPAk05yc&ust=1568784036921752

Tariff

https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwjL7M__jtfkAhX
6wAIHHXNUDKUQjB16BAgBEAM&url=https%3A%2F%2Fwww.fiducia-china.com%2Fchinas-upcoming-
tariff-changes-good-news-bad-
news%2F&psig=AOvVaw37od7WL4n_qgYXr0R54j1Y&ust=1568784249509227