Protectionism In Global Finance Case Study

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Application of Protectionism in Global Finance Kashyap Pd. Marahatta BUS 630 International Business Professor: Prachanda Man Shrestha Westcliff University 02/05/2017 Abstract This paper will try to analyze the case ‘The Global Financial Crisis and Protectionism’. While doing so, this paper will try to point out why calls for protectionism are greater during sharp economic contractions. It will then try to put light on why the increase in protectionist measure even during the sharp contraction of 2008-2009 was fairly modest. This paper will then finally conclude by providing insights on why international trade/ business is essential for the development and prosperity of a country. Application of protectionism in global…show more content…
In such a scenario, rather than forcefully changing their business, they would definitely prefer to be protected as a response to the greater competition so as to secure the significantly decreased demand. The decreased demand would lead to increased competition in the economic downfall and so as to secure the jobs of its citizens, there are high chances that the government and even the unions might have a need of calling for…show more content…
While doing so, this paper pointed out why calls for protectionism are greater during sharp economic contractions. It then tried to explain why the increase in protectionist measure even during the sharp contraction of 2008-2009 was fairly modest. This paper then finally concluded by providing insights on why international trade/ business is essential for the development and prosperity of a country. References Bonciu, F., & Ghibutiu, A. (2011). THE CHANGING POLITICAL ECONOMY OF PROTECTIONISM. Romanian Economic and Business Review, 6(4), 123-134. Retrieved from https://search.proquest.com/docview/1124438648?accountid=158986 Casatelli, C., & Spievack, E. B. (1986). Is protectionism the key to U.S. high-tech success? Network World, 3(9), 24. Retrieved from https://search.proquest.com/docview/215905393?accountid=158986 Hil, C. W., & Jain, A. K. (2000). International Business 10/e: Competing in the Global Marketplace. McGraw Hill Education. Krugman, P. (2008). International Economics: Theory and Policy, 8/e. India: Pearson Education. Shleifer, A., & Vishny, R. W. (1994). “Politicians and Firms:. The Quarterly Journal of Economics,
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