International Conference on Eurasian Economies

International Conference on Eurasian Economies

17-18 September 2013 – St. Petersburg, RUSSIA

Paper detail

Paper ID : 636
Status : Paper published
Language : Turkish
Topic : International Trade and Globalization
Presenter: Assoc. Prof. Dr. Serap Durusoy
Session : 7B Uluslararası Ticaret III

Destructive mid- and long-term Side Effect of the Crisis: Rising Protectionism
Krizin Orta ve Uzun Vadeli Yıkıcı Etkisi: Yükselen Korumacılık


Finance based crisis with its effect felt in the second quarter of 2007 has acquired global characteristics, and taken held of many countries. Global crisis not only has worn down constructive opinions regarding global capitalism, which played an important role in shaping the 20 th, but it has also discredited market economies. Thus, in many countries, including the United States of America, public rescue package implementations have lead to more desirable state interventions.On the other hand, economic activities in the global arena following the crisis slowed down and it became more difficult for financial structures to exist, and reduction in global trade movements were observed.This situation has lead for countries to include protective policies against the crisis as well. In study, protective studies will be addresssed, which wear down the globalization acting as a descriptive property of both experimental and normative reality in the definition of the process we are currently experiencing. As the economic problems gradually increase, the kind of shapes trade constrictions and protective instincts illustrate themselves and possible results of this will be examined on a country basis (EURASİAN, USA, EU, OECD). Expecially, it will be examined whether protectionism is the right solition policy against the crisis on not, and then the degree of the effect of this policy in the drop experienced in the recent months in international trade will be addressed. Lastly, the type of measurements taken in the international arena regarding protectionism and suficiently of the measurements will be assessed.

JEL codes: G01, F59

Durusoy, Serap (2013). "Destructive mid- and long-term Side Effect of the Crisis: Rising Protectionism" in Proceedings of International Conference of Eurasian Economies 2013, pp.510-517, St. Petersburg, RUSSIA.


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Session 7B: Uluslararası Ticaret III

Beykent University Turkish Central Bank TIKA