International Business Article Review: Global Protectionism Analysis

This report provides a comprehensive review of the academic article "Understanding the Rise of Global Protectionism" by Peter Enderwick. The review begins with an overview of the article's objectives, which is to examine the recent rise in protectionism and how it differs from traditional trade protectionism. The article explores the concepts of globalization, economic nationalism, and the four paradoxes of globalization according to John Dunning. Key findings include the determinants affecting worldwide growth, such as natural resources, technology, capital, and human resources. The report also includes a competitive analysis, highlighting the importance of competition in improving organizational performance and the role of social media in competitor analysis. The report concludes by emphasizing the practical implications of the article for managers of multinational enterprises in the contemporary global business world, by understanding the rise in protectionism and its impact on international business.

Running Head: INTERNATIONAL BUSINESS
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Table of Contents
Objectives........................................................................................................................................2
Subject, article, and concept............................................................................................................2
Key findings.....................................................................................................................................2
Competitive analysis........................................................................................................................3
Bibliography....................................................................................................................................4

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Objectives
The objective of the article (Understanding the risk of global protectionism) is to develop an
understanding of global protectionism. Globalisation is the process that leads to greater the
independence, mutual awareness within the economic, social, and politics units around the globe.
Concept, and theories
Divers of the globalisation are trade liberalization and technological advancement. Globalization
has established the extensive liberalization and higher growth within the global economy. It has
seen the quick globalisation of organization is lifting from the poverty of the many world poorest
and especially in the large emerging market like India and China. It increases the economic
growth rate and engages the many nations within the global business activity. The globalisation
had the critics. Global protectionism has the desire to defend the domestic market and remain
open for the foreign market and expect to trigger retaliation (Svensson, & Jakob,
2003).Economic growth at high rates in the emerging economies, researchers discern the new
and evolving set of globalisation concern that is not articulated by the opposition groups. It is
regularly articulated by the economic leaders and national political (Ynikkaya, & Halit 2003).
The cases like Dubai ports global case and protection and creation in France of the national
champions has been elaborated within the discussion of this article. It has been observed in the
articles that many nations have founded the difficulty to enclose and adjust the unprecedented
phase of global movement as fear of moved to the overseas. Central concept of the article is to
discover the recent rise within the protectionism (Shera, et al., 2014).
Key findings/ arguments
According to the John dunning four paradoxes of the globalisation are relationship, human
consequences, less, yet more, and space. Economic nationalism is ideology that favors the state
interventionism over marketplace mechanisms by policies like economy domestic control,
capital information, and labor, with the required tariffs imposition and restriction on the labor
movement, goods, and capital. It protects the vital economic interest like key commodities,
industries, free trade and encourages the higher level of goods consumption, and more effective
use of sources whether economic, natural and human. The determinant that affects worldwide

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growth is known as inter-related factors that affect economic growth rate. The four factors of
supply are natural resources, technology, capital goods, and human resources. The economic
growth is measured by the GDP that increases the GDP growth rate. Factors like socio-political
and events have the main effect on the economic advancement of the nation (Romer, & Paul,
1990).
Competitive analysis/ practical implications
The competitive analysis is the interesting concept within the article. Competition is known as
the main factor that improves the performance around the range of organization actions that
include the increased level of productivity, fostering innovation and help to drive the best
management practices. Economic nationalism is known as the set of policies to increase the
activities of domestic economic and unified the interest of nation. Protectionism has the
controversial history that covers the scope, forms and geographical focus.. Management within
the organization works to know the competition and offer to make the product and services
affordable. In today’s time organizations has increased their presence on social media that
increasing daily and organization is using every platform differently. Competitive analysis of
management helps to determine the competitors by use of social media and integrate within the
marketing (Enderwick, 2011).

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Bibliography
Enderwick, P 2011. ‘Understanding the rise of global protectionism’, Thunderbird International
Business Review, 53(03), pp.325-336.
Romer, Paul M., 1990. “Endogenous Technological Change.” Journal of Political Economy,
98(01), pp.S71-S102.
Shera, Adela, Bernard Dosti, and Perseta Grabova., 2014. “Corruption impact on Economic
Growth: An empirical analysis.” Journal of Economic Development, Management, IT, Finance
and Marketing, 6(02), pp.57-77.
Svensson, Jakob., 2003. “Who Must Pay Bribes and How Much?” Quarterly Journal of
Economics, 118(1), pp. 207–30.
Ynikkaya, Halit., 2003. “Trade Openness and Economic Growth: a cross country empirical
investigation.” Journal of Development Economics, 72(09), pp.57-89.