The Covid19 pandemic does not justify protectionism or deglobalization

The Covid19 pandemic does
not justify protectionism or
deglobalization

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
1 Analysing the ways in which the UK policy-makers assures protectionism and
deglobalization does not happen in UK.......................................................................................3
2 Analysing the five major disadvantages of the globalisation over UK firms...........................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Protectionism refers to the policy of protecting the domestic industries from the foreign
industries and deglobalization refers to the situation where the economies of different countries
does not get integrated. Both the elements works over reducing the rate of international trade. At
the time of COVID, the international trade was reduced on a high note, however, it does not
justify the protectionism and deglobalisation. This report will illustrate “How policy-makers of
UK ensures that, protectionism and deglobalizartion does not happen in UK”. Also, Major five
disadvantages of the globalisation over UK firms will be highlighted in the report.
MAIN BODY
1 Analysing the ways in which the UK policy-makers assures protectionism and deglobalization
does not happen in UK
Protectionism policy of government assures the protection of the domestic industries
from the foreign industries in UK. However, it can be beneficial for a certain period of time for
the domestic industries in UK. But, in order to grow on a high note, higher competition is
required as it open up room for development. Deglobalisarion often performs for protecting the
nation's economy from the international trade (Wijesinghe and Seminar, 2021). It often creates
no opportunities for the country. The pandemic has provided the drastic effect over the countries.
At the time of Pandemic, the exports and imports got restricted but this does not justify
protectionism. As the major focus of the government in UK was that, the country become self-
reliance as there was no opportunities for the international trade. Therefore, it was highly
important to become the self- sufficient so, the economy of UK can become self-sufficient in
dealing with the problems.
It has been found from various studies that, UK policy-makers has put a keen focus over
the economy of UK in terms of making the economy self-dependent within avoiding the
protectionism. As the globalisation provides the opportunities of growth and development.
However, it was hard at the time of pandemic that, the trade can be performed among the
different countries. Moreover, there was no motive to follow deglobalization but in pursue of
saving the people from the shook of pandemic, the steps has been taken in order to make
economy more independent. Here is the proper description that what UK Policymaker can do:
Avoiding Protectionism