Global Economy Shifts Towards Murky Protectionism, Impacting Developing Countries
The article explores how the global economy is shifting towards a new form of protectionism called neo-protectionism. Developed countries mainly use hidden protectionist measures through their internal economic policies, while developing countries focus on sector-specific protectionism. Neo-protectionism involves using taxes, public procurement, and local components to protect national economic interests. This new form of protectionism is different from traditional protectionism and aims to gain a share of the global market.