Contribution
The Threats of Protectionism in Deep Crises
- During deep crisis the temptation to enact protectionist measures is especially strong.
- Protectionist measures are hard to draw back once installed.
- Therefore, it is crucial withstand the temptation of protectionism and to defend the open rules-based order of international trade with all strength.
Key Words
- COVID19
- Protectionism
- recession
- Tariffs
- trade war