Munich Personal RePEc Archive

Globalization, protectionisms and new equilibriums theory

Vicini, Andrea (2019): Globalization, protectionisms and new equilibriums theory.

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The recent decision of the US President to adopt a protectionist policy vs. Chinese goods could trigger a domino effect in the global context. The conquest by the Chinese economy of new markets such as the African countries is part of a strategy which includes a network of alliances in order to mitigate the effects of the policy of protectionism. Similar responses also seem to have been considered by the USA. In the current, highly connected context, in which the value chain is globalized i.e. highly segmented in many countries, there is little space for isolationist or protectionist policies. Thus the capability to form networks of alliances between nations, even temporary in nature or limited to specific areas, seems the key strategy to mitigate negative effects and win the global challenge.

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