Global Financial Crisis and Reversion to Protectionism
International Business
Anuranga Gunasekara
Question: Will the global financial crisis (GFC) result in a higher level of free trade around the globe, or a reversion to protectionism?
Table of Content
1.0 Introduction …………………………………………………………………………... | 3 | 2.0 Discussion | | 2.1 Global Financial Crisis as it happened……………………………………………….. | 4 | 2.2 Current Situation of global financial crisis…………………………………………… | 6 | 2.3 Free trade, comparative advantage and impact of the crisis on free trade…………… | 8 | 2.4 Protectionism…………………………………………………………………………. | 9 | 2.5 Emerging Protectionism after financial crisis………………………………………… | 9 | 2.6 How big players play with protectionism…………………………………………….. | 11 | 2.7 Reversion to Protectionism on WTO’s and G20’s Perspectives……………………… | 12 | 3.0 Conclusion …………………………………………………………………………… | 12 | 4.0 Referencing …………………………………………………………………………... | 13 |
1.0 Introduction
According to the economists, world is currently facing to the worst ever global financial crisis since 1930 world’s great depression. Currently this financial crisis is affecting most of the countries all over the world, not only developed countries but also developing countries as well as least developed countries facing financial difficulties. The Global Financial Crisis already has started to threaten in short term objectives as well as long term objectives such as achieving millennium goals. Stocks markets are falling dramatically all around the world, interest are going up, higher unemployment rates in even in developed countries, exports are going down continuously due to decrease in demand and financial markets have been collapsed.
2.0 Discussion
2.1 Global Financial Crisis as it happened
This debate is going on for recent year in order to identify the real causes of recent global financial crisis. After all studies shows that Global Financial Crisis started with US dramatic subprime mortgage crisis. In early 2000s US housing market were on a rise.
Anuranga Gunasekara
Question: Will the global financial crisis (GFC) result in a higher level of free trade around the globe, or a reversion to protectionism?
Table of Content
1.0 Introduction …………………………………………………………………………... | 3 | 2.0 Discussion | | 2.1 Global Financial Crisis as it happened……………………………………………….. | 4 | 2.2 Current Situation of global financial crisis…………………………………………… | 6 | 2.3 Free trade, comparative advantage and impact of the crisis on free trade…………… | 8 | 2.4 Protectionism…………………………………………………………………………. | 9 | 2.5 Emerging Protectionism after financial crisis………………………………………… | 9 | 2.6 How big players play with protectionism…………………………………………….. | 11 | 2.7 Reversion to Protectionism on WTO’s and G20’s Perspectives……………………… | 12 | 3.0 Conclusion …………………………………………………………………………… | 12 | 4.0 Referencing …………………………………………………………………………... | 13 |
1.0 Introduction
According to the economists, world is currently facing to the worst ever global financial crisis since 1930 world’s great depression. Currently this financial crisis is affecting most of the countries all over the world, not only developed countries but also developing countries as well as least developed countries facing financial difficulties. The Global Financial Crisis already has started to threaten in short term objectives as well as long term objectives such as achieving millennium goals. Stocks markets are falling dramatically all around the world, interest are going up, higher unemployment rates in even in developed countries, exports are going down continuously due to decrease in demand and financial markets have been collapsed.
2.0 Discussion
2.1 Global Financial Crisis as it happened
This debate is going on for recent year in order to identify the real causes of recent global financial crisis. After all studies shows that Global Financial Crisis started with US dramatic subprime mortgage crisis. In early 2000s US housing market were on a rise.