In a response to a crisis or shock, protectionism tends to arise. The global finance crisis in 2008 is an example of this. The Covid-19 pandemic is another recent example. 

a) Protectionism is manifested in a country's trade policies/measures. 

Describe the protectionism in terms of trade policies/measures adopted by countries for the global financial crisis in 2008 and the recent global pandemic. Is there any difference between the trade policies/measures adopted between the two crises? [8 marks] 

b) Now focus on trade policies/measures during the recent global pandemic: Did they last long? Provide a critique of these policies/measures.  

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a During the global financial crisis in 2008 and the recent Covid19 pandemic countries implemented protectionist trade policiesmeasures to safeguard t... View the full answer