Journal Article Review: Global Protectionism and Business Implications

This assignment is a comprehensive review of the article "Understanding the Rise of Global Protectionism" by Peter Enderwick. The review delves into the article's objectives, which center on exploring the emergence of global protectionism within the context of the global economy. The review outli...Read More

Journal Article Review Template
Part A: Student and Article Information (This part is excluded from the word count)
Your name Student ID
Title of the selected article Understanding the rise of global protectionism
Author(s) of the article Enderwick, P., 2011.
Part B: Use your own words and sentences to complete each section (the questions are excluded
from the word count)
Objectives: What does the article set out to do?
This article has addressed the concept about global protectionism, an emergent occurrence in global
economy.
Subject and theories/concepts: What is the article about? What is its subject? What are the central
concepts and/or theories discussed in the article?
This article illustrated that global protectionism has its origins in aspect of economic nationalism as
well as, fluctuates through conventional protectionism in different manners. As compared to trade
protectionism, global protectionism has wider scope with respect to geography, concerns, relevance,
as well as, measures implemented. It has higher selective focus in different cases, which focuses on
individual deals and firms. Moreover, this article addresses that global has touched on difficulties
about hypothesizing determinants regarding global protectionism. It focuses on extensive vagueness
that is immediate possible factors and concerns in interpreting associations. It is evaluated that
further work would be required for clarifying these procedures (Enderwick, 2011).
Findings/main arguments: What are the key findings or main arguments of the author?
From the article, it is found that expansion regarding global protectionism demonstrated as an
ongoing procedure and it does not prospect in terms of addressing the single causal element or event.
Furthermore, diversity regarding motives for and outlines regarding protectionism recommends that
individual is observing the difficult procedure. Moreover, global protectionism illustrates several novel
characteristics. There is a fact that global protectionism is led highly through achievements of
globalization as well as, specifically increases in new rivalry in against the failure. In addition to this,
subsequent adjustments in global economy could be delayed through the strategies of protectionist
(Panchenko and Reznikova, 2017). This article evaluated that primacy of concern regarding global
protectionism is related to the developed nations. Furthermore, traditional criticism is associated with
the process of the global economic system has origin through developing nations. In addition, this
article determined that the centre of global protectionism is related to advance industrialised
economies about North America as well as, Western Europe. It is very designers regarding
globalisation. It is found that it is complex to address any hypothetical assistance regarding global
protectionism as well as, there is a resonance argument to resist it (Enderwick, 2011).
Literature and contribution: What relationship does the article bear to other works in the literature?
What contribution does the article make to the existing body of the literature?
(You should refer to at least two other scholarly journal articles)
This literature asks question regarding whether continuation regarding globalization is under
exposure through global protectionism. This article is contributed that answer is in pessimistic. The
advantageous of globalization is gradually more understood as well as, are enjoyed through the
increasing amount of economies as well as, proportion regarding the population of the globe
(Enderwick, 2011). This literature is evaluated that global protectionism is also failed for providing a
significant critique about procedures that has created some of highest persistent economic growth
rates and globe have constantly demonstrated (Michelsen, et. al., 2019). This research is also
contributed that government can perform effectively in highlighting the benefits of globalisation as
well as, making the sure high equitable allocation of such advantageous. But, global protectionism
does appear to be more adequately for entrenching and justifying the efforts to increase the better
knowledge about the significant phenomenon (Panchenko and Reznikova, 2017).

Practical implication: Why is the topic of the article interesting and important for managers of
multinational enterprises in the cotemporary global business world and how would the understanding
of the article benefit the managers?
This article is beneficial for managers as understanding regarding protectionism is temporarily
develop the jobs for domestic employees. The protection regarding quotas, tariffs, and subsidies
permit the domestic corporations to hire domestically. When a nation is making efforts for increasing
strong in a new industry, tariffs would keep it through rivalry. This article enables the manager in
terms of developing competitive benefits (Enderwick, 2011).
Part C: List of references (The references should be in alphabetical order according to the last name
of the first author. This part is excluded from the word count)
Enderwick, P., 2011. Understanding the rise of global protectionism. Thunderbird International
Business Review, 53(3), pp.325-336.
Michelsen, C., Baldi, G., Dany-Knedlik, G., Engerer, H., Gebauer, S. and Rieth, M., 2019. Global
economy and the euro area: Protectionism weighing on trade and investment. DIW Weekly
Report, 9(22/24), pp.194-195.
Panchenko, V. and Reznikova, N., 2017. From Protectionism to Neo-Protectionism: New Dimensions
of Liberal Regulation. International Economic Policy, (27), pp.91-111.