Free Trade or Protectionism: Issue of Strategic Choice

... competition, today’s protectionism is also fundamentally different from that of a few decades ago, since it combines protective measures with hidden protectionism and policies promoting national producers. The drastic change in the implementation of protectionism and free trade has also affected the so-called value-added chains. Since global production is established through contributions from companies from both developed and developing countries, it is no longer possible to argue in favour of straightforward protection ...