Rise of Protectionism Across the World

Growing Skepticism Towards Multilateral Trade Arrangements

Protectionism
Protectionism

Relevance:

Globalization and the international rules-based order that underpins it are under siege. The system of rules and regulations that has governed world trade for decades is under threat. In both the US and Europe it is facing serious opposition. At the very least, this shift is likely to mean a substantial change in the way international trade is organised. In the worst-case scenario, possible although far from certain, there is the danger of an all-out trade war.

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