Liberalism vs protectionism (case study)

Abstract

This paper aims to analyze two contradictory policies of international trade liberalism versus protectionism. I reflected on the history of the emergence and role of these policies as well as their evolution through concrete examples. I also analyzed the advantages and disadvantages of these policies on a state's economy. In the case study, I also touched upon the protectionist policy of the United States in the context of the trade war with China.