Economic Globalization and Trade Protectionism : Case study China-United States Trade War

Abstract

The paper is written to explore the trade protectionism in nowadays world with irreversible globalization particularly in the economic domain. It tried to discuss the inevitable contradiction between free trade proposal and protectionism policy. The objective of this essay attempt to discover if the present economic decision-making of protectionist policy is a benefit for the world or not. The essay utilized the theories about globalization, free trade and its reverser trade protection as a comparison. The thesis adopted the qualitative research methodology with the main case study concerned about the trade conflicts between America and China. Besides, the article also evaluated the destructive consequences of a trade war. This thesis studied the negative influence of trade restrictions for the integral economy particularly in the background of economic globalization situation. The concept combines with current international trade conflicts to display the intensified trade barriers. Trade restriction against the trend of economic development and damage the world economy for the long run although certain groups could benefit from protectionism in short term.