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Anti Globalization

The document discusses anti-globalization trends including rising economic nationalism, protectionism exacerbated by COVID-19, and disruption of international supply chains. It notes populism, Brexit, tensions with China, and policies promoting self-reliance in various countries. For Nepal, it suggests focusing on domestic production while maintaining open trade to balance national interests and global engagement.

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Arick Stha
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20 views11 pages

Anti Globalization

The document discusses anti-globalization trends including rising economic nationalism, protectionism exacerbated by COVID-19, and disruption of international supply chains. It notes populism, Brexit, tensions with China, and policies promoting self-reliance in various countries. For Nepal, it suggests focusing on domestic production while maintaining open trade to balance national interests and global engagement.

Uploaded by

Arick Stha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 11

Anti-globalization

1. President Donald Trump’s America First


principle leading to Tariff as a trade
instrument.
2. In economic term it is called looking inwards.
3. Retaliation by the affected countries.
4. Europe: Anti-immigration backlash against
the 2015 migrant crisis.

1
Anti
5. BREXIT due to referendum decision of United
Kingdom to divorce from EU.
6. Global Rise of Populism due to election and other
global developments.
i) Donald Trump used a populist style of politics.
ii) Europe
iii) Brexit: Eastern and Southern Europe and even in
Scandinavian countries.
iv) Asia: (a) Philippines President Rodrigo Duterte

2
Anti
(b) India PM Narendra Modi
Most recent updates:
• Boarder conflict with China.
• Economic and trade restriction to China in particular by enacting
new rules and regulations to restrict imports and produce the raw
materials domestically.
• Aatma Nirvar Bharat(Self-reliance) Policy, partly due to supply chain
disruptions due to COVID 19.
(c) Most Recent Update(Nepal)
• Make in Nepal-Swodeshi initiated by Confederation of Nepalese
Industries(CNI)
Source: Naya Patrika, Tuesday, Falgun 25, 2077

3
Anti
Research in G20 countries have found that
“parties in advanced economies have become
more nationalist with respect to immigration
and trade since the global financial crisis, while
parties in emerging-market economies have
become more nationalist in industrial policy.”

4
Anti
• It is feared that widespread economic
nationalism would post a significant obstacle
to policy coordinating in the event of a global
slowdown.

5
Anti-globalization
• Value Chain and Supply Chain Disruption of
goods and medical goods and equipment such
as ventilators, PPE and medicine in particular
due to spread of COVID 19

6
Anti
• Export restrictions of above medical goods.
Governments in different continents have
enacted a number of measures to allegedly
safeguard their economies and health system
from the ravages of the pandemic.

7
Anti
• CoVID-19 related protectionism measures
came after economic nationalism has been
rising over the past few years.
• Protectionist policy due to COVID-19 by
several countries leading to import
restrictions.
• Rise of the concept of Economic Sovereignty.

8
Anti
• The whole philosophy of Free trade without any
barrier,
• Movement of people, technology, foreign direct
investment,
• Integration of national market with the global market,
and
• Interdependent between the countries.
Are not functioning now, partly due to nationalistic
feeling, protectionist policy, COVID- 19 and finally due
to diplomatic relations.
9
Anti
Nepal
Nepal adopted globalization through following
policy reforms in 1990-1991.
1. Deregulation
2. Market Liberalization and
3. Privatization of Public Enterprises

10
Anti
Question
• Considering above discussions, as a manager,
what do you suggest Nepal to do in the days
ahead?
• Answer should be feasible, practical and
implementable.
• Try to avoid being generalist in your answer.

11

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