APPLICATION OF PROTECTIONIST POLICY IN THE MODERN WORLD

Aleksandr Kruglenia; Andrey Blinov

Authors

Aleksandr Kruglenia Mars Ukraine LLP
Andrey Blinov All-Russian State Distance-Learning Institute of Finance and Economics

Keywords:

Import restrictions, investments, protectionism, import quota, customs duty, decision-making process.

Abstract

The authors offer a theoretical substantiation of the hypothesis about the direct relationship between investment flows and import restrictions: after introduction of the quota, imposition or increase of the customs duty – the capital starts to inflow into the economy of this country. The major investors in this case are international companies, which view the country that applies protectionist policy instruments as a promising market which is worth of being fought for and participating in its redistribution. The theoretical substantiation of the hypothesis is supported with propositions about optimization of government’s activity in pursuing the protectionist policy, as well as with empirical findings from the history of international companies, including those on the territory of the Belarus Republic. The authors formulate the theoretical basics of the preventive blow which precedes the imposition of import restrictions. The sphere of hypothesis application is state management of economy.

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