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The Impact and Outlook of Trade Protectionism on the Global Economy

In: Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024)

Author

Listed:
  • Yang Guo

    (Harbin Engineering University)

  • Hanyue Zhao

    (Jiangsu University of Science and Technology)

  • Jingyi Hu

    (Harbin Engineering University)

Abstract

This paper aims to delve deeply into the impact of trade protectionism on the global economy and its future trajectory. Firstly, it clarifies the theoretical foundations of trade protectionism, enhancing the understanding of its connotation and basic principles. Secondly, it analyzes the current characteristics of international trade protectionism, focusing on its persistence, concealment, and diversification. This paper primarily dissects the negative impacts of trade protectionism on the global economy and proposes countermeasures tailored to China’s national conditions, intending to provide theoretical support for grasping the trends of trade protectionism and promoting healthy global economic development.

Suggested Citation

  • Yang Guo & Hanyue Zhao & Jingyi Hu, 2024. "The Impact and Outlook of Trade Protectionism on the Global Economy," Advances in Economics, Business and Management Research, in: Kun Zhang & Hang Luo & Hongbo Li & Azlina Binti Md Yassin (ed.), Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024), pages 36-44, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-548-5_6
    DOI: 10.2991/978-94-6463-548-5_6
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