International dilemma!!
To globalize or to be more protective is the dilemma that most Governments have in today's world. It surely is visible by the latest immigration rules laid out by Donald Trump, the US president. The latest to follow the trend has been Australian PM Malcolm Turnbull. In the recent past, Brexit is another example for this. Certainly this is not leading to the one globalised world that economists fancy. That leaves me with the question - why are these governments from developed nations showing protectionism over globalisation? In my view two things matter for these Governments - their culture and future growth, apart from the short term goal of showcasing good job growth internally. Obvious reason is they respect their nation and want to maintain certain quality in their standard of living and perceive that immigrants can cause real threat to their culture. The other possible reason is to attract the best of the brains (read talents) from across the world and n...