STATE PROTECTIONISM AS A BARRIER TO COUNTRIES’ CRISIS RECOVERY

Authors

  • Јелена Тешић Assistant, Faculty of Economics, University of Banja Luka
  • Драган Глигорић Assistant, Faculty of Economics, University of Banja Luka

Keywords:

State protectionism, world trade, new protectionism, global crisis

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.

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Published

2010-06-30

How to Cite

Тешић, Ј., & Глигорић, Д. (2010). STATE PROTECTIONISM AS A BARRIER TO COUNTRIES’ CRISIS RECOVERY. Acta Economica, 8(12), 343–361. Retrieved from https://ae.ef.unibl.org/index.php/ae/article/view/205

Issue

Section

Review article