Protectionism is threatening the global value chain
1,512 views · Published 17 January 2018 · 1:59 · Indexed 14 November 2026
Channel: IESE Business School · 2018 · Education
The global economy is more connected than ever. "Even if we have seen higher relative levels of imports and exports in the past", says IESE professor of Economics Núria Mas, “the global value chain is more complex than ever”. “Hardly anything is produced in just one country alone”, and that, she explains, implies that any increase in import tariffs between any given countries can end up affecting a greater number of third parties. Under this circumstances, Brexit, the Trump administration or any other forms of protectionism can have a much dramatic effects on global trade.
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