Th4.1: Info Flashcards
1
Q
Recently, there has been a rise of economic nationalism in a number of countries, leading to…
A
policies which emphasise the domestic control of the economy, labour and capital formation - one of these is restrictions to free trade
2
Q
What did the financial crisis and recession lead to?
A
distrust of globalisation and pressure to put self-interest above anything else
3
Q
Why have countries found it difficult to lower protectionism?
A
since they always expect reciprocity e.g the UK would not lower barriers on US goods if the US were not willing to do the same
