Globalization, protectionisms and new equilibriums theory

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

Abstract

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Globalization, China, USA, protectionism, alliances
• Subjects: F - International Economics > F1 - Trade; F - International Economics > F2 - International Factor Movements and International Business; F - International Economics > F6 - Economic Impacts of Globalization > F62 - Macroeconomic Impacts

References

Bastos de Morais, J. C. (2016). A Convergência das Nações: Porque é agora o tempo de África. (2nd Edition). London: OMFIF Press.

Gintis, H. (2009). Game Theory Evolving (2nd Edition). Princeton: Princeton University Press.

Gintis, H. and Schecter, S. (2016). Game Theory in Action. Princeton: Princeton University Press.

Grinin L. and Korotayev, A. (2015). Great Divergence and Great Convergence. London: Springer.

Ikenberry, G. J. and Parsi, V. E. (2014). Guide to International Relations. From the bipolar system to the global era. Bari: Laterza.

Rynne, B. (2018). Trade Wars: There are no winners. Melbourne: KPMG Economics & Tax Centre. August, 2018.

Tanger Med Special Agency (2018). 2017 Activity Report. Tanger: Tanger Med Special Agency.

The Economist (2018). “America’s tariffs on China are likely to last for some time”. The Economist. September 22, 2018.

Tzu, S. (2016). L'arte della Guerra. Torino: Einaudi.

UNCTAD (2018). World Investment Report 2018. New York and Geneva: United Nations.

Works Cited from Website:

Varas, J. and Maydanchik, M. (2018). “Research. Calculating the Costs of the U.S.- China Trade War: The Administration’s New Tariffs on $200 Billion.” American Action Forum. Retrieved on July 30, 2018 from: https://www.americanactionforum.org/print/?url=https://www.americanactionforum.org/research/calculating-the-costs-u-s-china-trade-war/