Revival of Big Government in Essay

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Additionally, with the opening of boundaries, foreign producers would penetrate the American market and seek consumers. This led to a situation in which most products were labeled Made in China, Made in Mexico and so on. The response was that of emphasizing on the Made in the U.S.A. brand and the stimulation of national production and consumption of the nationally manufactured items.

To be however complete in assessment, it is true that the past recent decades have brought about intensifying forces of globalization and market liberalization. They led to a situation in which international trade became extremely popular. Additionally, several international organizations and alliances were formed to regulate and promote free international trade, such as the World Trade Organization or NAFTA. The consequence was the significant reduction in trade barriers, namely the elimination of several barriers to imports.

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While it is true that some of these barriers have been resurrected again in the immediate aftermath of the internationalized economic crisis, it cannot be argued that they represented new elements within the business community. In other words, the new age of protectionism promoted by Erixon and Sally is not in fact new, but constructed on the same principles which governed the economic community for centuries.

Keynes at Home, Smith Aboard is a valuable and interesting piece of reading. It is constructed on the observation of the international market place and on numeric data. While the information used in the writing of the piece is valid, the final conclusion remains biased and subjected to personal interpretations of the economic community.

Reference:

Erixon, F., Sally, R., September 9, 2009, Keynes at Home, Smith Abroad, the Wall Street Journal.....

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