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Creeping protectionism. The trade collapse as a result of the international crisis led some policymakers into a concern associated with the relevance of export led development strategy.
The risk of creeping protectionism remains while the Great Recession of 2008-2009 did not see the sort of protectionism that came with the Great Depression of the 1930s.
The trade collapse as a result of the worldwide crisis led some policymakers into a concern regarding the relevance of export led development strategy. Simply simply Take Indonesia for instance. Numerous genuinely believe that the fairly insulated economy is the one reasons why Indonesia has performed fairly much better than other economies throughout the worldwide crisis.
This then brings towards the area the question of whether an export-led development strategy remains appropriate, considering that just exactly what spared Indonesia through the dreadful results of the international financial meltdown was the economy that is domestic. Continue reading “Creeping protectionism. The trade collapse as a result of the international crisis led some policymakers into a concern associated with the relevance of export led development strategy.”