Open AccessSTATE PROTECTIONISM IN THE GLOBAL ECONOMY
Author(s) -
Anastasia Alekseevna Molkova
Publication year - 2017
Publication title -
vestnik astrahanskogo gosudarstvennogo tehničeskogo universiteta. seriâ: èkonomika
Language(s) - English
Resource type - Journals
eISSN - 2309-9798
pISSN - 2073-5537
DOI - 10.24143/2073-5537-2017-4-15-21
Subject(s) - protectionism , liberalization , globalization , international trade , economics , free trade , international economics , economic integration , state (computer science) , position (finance) , world economy , value (mathematics) , market access , business , economic system , market economy , political science , agriculture , ecology , finance , algorithm , machine learning , computer science , law , biology
The era of imposed liberalization and removal of trade barriers is gradually replaced by another era aimed at strengthening state protectionism in the economy. Finally, it has been realized that the liberal economy is beneficial only for developed countries that are able to produce competitive products (services) with high added value, and developing countries specializing, as a rule, on traditional sectors of the economy (with low added value), are forced to suffer economic losses and cannot provide economic growth. The countries in transition are the most vulnerable during the period of liberalization, since the state at this time is puzzled not only by searching for alternative sources of growth, but also by searching for the possibility of realizing economic transformations, and the specific character of this stage (sensitivity to market changes) calls for a strong state position. Thus, at the present stage of development of world economies, strengthening of regional integration links is observed, instead of intensifying globalization processes, (for example, NAFTA, MERCASUR, ASEAN, APEC, SCO, etc.), and the state protectionism has come to replace universal liberalization, which is expressed in bringing all kinds of trade restrictions and an increase in tariffs that stimulate domestic producers, which, in turn, can have a positive impact on the rate of the national competitiveness. According to the analysis results, today most part of the nationally-oriented states are putting all their efforts to protect domestic markets and producers from uncontrolled imports.