STATE PROTECTIONISM AS A BARRIER TO COUNTRIES’ CRISIS RECOVERY
Journal Title: Acta Economica - Year 2010, Vol 8, Issue 12
Abstract
Decline in world trade which was caused by the global crisis could cause further drop of production and employment. Because of the positive multiplicative effects of world trade on production growth, recovery of world economy is highly dependent on world trade recovery. Like in all the crises there has been evidence of enforced strong pressure for implementation of restrictive protectionist measures. Rise of state protectionism for the purpose of recovery is expected reaction of economic policy creators. But, when choosing the measures one should implement as less as possible discriminatory measures of the state protectionism. Rise in this kind of measures will certainly delay recovery from the crisis. Following of this work encompass analyze of new tendencies in the contemporary protectionism, its forms, ways of implementation and effect on recovery which will be set by the rise in protectionism. Results of this analyze indicate that for the scope of recovery countries should turn to multilateralism in world trade.
Authors and Affiliations
Јелена Тешић, M. Sc. , Драган Глигорић
Keywords
Related Articles
- EP ID EP43695
- DOI -
- Views 247
- Downloads 0
EVALUATION OF LOAN – MODELS OF EQUAL PRINCIPALS REPAYMENTS WHICH ARE PAID m TIMES IN YEAR
This paper presents the account of loan evaluation, i.e. loan value assessment during amortization with equal principals repayments which are paid m times in year. Given the loan evaluation moment, there could emerge two...
FISCAL POLICY IN TERMS OF GLOBAL ECONOMIC CRISIS AND ITS IMPACT ON MACROECONOMIC AGGREGATES IN BOSNIA AND HERZEGOVINA
One of the biggest challenges for various theoreticians and practitians worldwide in the last few years has been the current economic crisis. They are faced with a challanging and resposible task of creating measures of...
BUYERS PORTFOLIO IN EXPORT AND INTERNATIONAL MANAGEMENT
The paper in front of you develops methodology for monitoring of company’s buyers located on the foreign markets by simultaneous monitoring of marketing and financial parameters – market share, share of buyer in total pr...
MORAL ANALYSIS OF THE PRODUCTS' ‒ BASIC MORAL QUESTIONS
The ethical acceptability of most products produced and marketed by a company is beyond any doubt. However, the pressure of competitors, pursuit of profits and attempt to achieve better business performances are the main...
A comparative analysis of consumption taxes in former Yugoslav countries
In modern tax systems consumption taxes occupy a signifcant place. This is particularly important in the case of value added tax, although excise duties approximately equally contribute to flling the country’s budget. If...