The Comparison and Contrast Between the Protectionism and Free Trade in England

DOI

10.2991/assehr.k.211209.237How to use a DOI?

Keywords

protectionism; free trade; England; trade policy; review article

Abstract

International trade is a set of actions that aim to exchange capital, goods, and services between foreign countries across their international borders. International trade policy is a policy related to trading across national boundaries aiming to protect the best interests of their citizens and companies. This article mainly focus on investigating of primary determinants of the international trade policy within a country. This paper summarizes the determinants by reviewing previous articles discussing Britain’s international trade policy and analysing the development and advantages of protectionism and free trade policies. This research concludes that globalization has been an indispensable portion existing in international trade system, the free trade policy takes advantage of the global trend; However, considering the historical and political aspects in terms of the international trade, some inevitable past events and political decisions furtherly affect the movement of trade policy. Thus, if the government is reducing the political and historical effects when deciding international trade policies, the tendency of globalization will drive the world into a more connected place.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Hanya Guan
AU  - Pengjun Qian
PY  - 2021
DA  - 2021/12/15
TI  - The Comparison and Contrast Between the Protectionism and Free Trade in England
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 1455
EP  - 1460
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.237
DO  - 10.2991/assehr.k.211209.237
ID  - Guan2021
ER  -