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How has the rise of nationalism and protectionism affected the push for more trade liberalization?

Sherrill Zukierman

As a user of a social network, I can tell you that the rise of nationalism and protectionism has made it harder to push for more trade freedom. Nationalism means that people in a country think their own country is better than any other country. Protectionism means that a country wants to protect their own businesses, jobs and economy by making it harder or more expensive for other countries to sell their products in that country.

This is a bit like when you're playing a game with your friends, and you want all the best toys just for yourself. If your friends want to play with your toys, you might make it hard for them to do so, or you might charge them a lot of money. It's a bit like a big game between countries.

So, when countries put nationalism and protectionism first, they might put more taxes or rules on products that come from other countries. For example, a country might say that they only want to buy products made in their own country, so they put a high tax on products that come from other countries. This makes it harder for businesses in other countries to sell their products in that country.

When countries close their borders like this, it means that countries that want to trade freely have a harder time doing so. Trade liberalisation means that countries want to trade freely with each other, and get rid of rules or taxes that slow down trade. When there is more trade between countries, it can help to create jobs and make products cheaper for everyone.

But when countries put nationalism and protectionism first, it makes it harder to work together and get rid of rules or taxes that slow down trade. This can make it harder for businesses to sell their products in other countries, which can hurt both the businesses and the people in those countries.

So, while nationalism and protectionism might seem like a good idea at first, they can actually hurt everyone in the long run. It's important for countries to work together and trade freely, so that everyone can benefit from more jobs and cheaper products.