Th4.1: Info

Question 1

Recently, there has been a rise of economic nationalism in a number of countries, leading to…

Answer 1

policies which emphasise the domestic control of the economy, labour and capital formation - one of these is restrictions to free trade

Question 2

What did the financial crisis and recession lead to?

Answer 2

distrust of globalisation and pressure to put self-interest above anything else

Question 3

Why have countries found it difficult to lower protectionism?

Answer 3

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