The Driving Forces Behind Protectionism’s Return
Uncertainty—whether from financial crises, pandemics, geopolitical clashes, or sudden technological change—creates pressures that push governments and voters toward protectionist policies. Protectionism surfaces as a response to fear, political incentives, and strategic calculation. This article explains the forces that revive protectionism in bad times, illustrates them with historical and recent cases, examines economic mechanisms and consequences, and outlines policy options that can reduce the temptation to retreat behind trade barriers.Historical trends and recent instancesProtectionism is not a modern anomaly. The 1930s Smoot-Hawley tariffs are the classic example: the United States raised tariffs in an effort to shield domestic producers, while global…







