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    Protectionism in International Trade: Significance and Effectiveness
    (Університет імені Альфреда Нобеля, 2020) YUSUF, MARYAM OLAYEMI
    This paper examines the ideology of protectionism in international trade, taking a look at its significance, effectiveness and impact on world trade in the course of the previous and most recent years. The international trade war between China and the United States of America has caused a huge instability in global trade; a major reason why presenting a paper on this topic is very important and relatively applicable to the current affairs in international world trade relations. This paper aims to highlight the reasons behind the implementation of economic protectionist policies. While heavily citing papers and articles on the ongoing trade war between the two aforementioned countries as an example, the impact of economic protectionism on both the United States and Chinese economies, companies and the global trading community are explored. The outcomes of this paper are expected to contribute to the academic discussion on protectionism and the bilateral ramifications of its utilisation by both China and the U.S. on their respective economies and beyond. Protectionist measures are enacted with the aim of providing benefits to the local economy or certain trading advantages on the global market. Unfortunately, relative success of such policies have been shown to be short-term.