Consequences of protectionism policy on multinational

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Context 1

Over the past few decades, globalization has thrived and contributed to economy well being of global economies. The benefit of globalization has been one of the bedrock of economy growth until the recent crisis of Covid19. Many countries have reverted back to local economy system and would likely undertake more measures to ensure prioritization of resources internally rather than on a global scale nature of economy integration. Supply chain has been disrupted and worst, totally cut off from global sourcing.

Evaluate the above on the consequences of protectionism policy on multinational corporation and make suggestion(s) as to how multinational corporations can avert such a development with new normal type of business practices that would allow their business to remain competitive.

Hint: Consider the business practices of Chapter 10 China Noah case studies. Other innovative suggestions are very much welcomed.

Reference no: EM132595579

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