Managing global trade

Our interconnected world has increased the impact of international leaders on society tremendously. This poses major challenges for both companies and politicians to manage international trade and to collaborate for sustainable economic welfare. The disparity between national and global interests is causing heavy trade tensions between countries, impacting many people worldwide. Whilst there was liberalisation in recent years, this  has been accompanied by increased protectionism in some countries. This has led us to question what the consequences of these shifts in global trade policies will be. Will protectionism indeed protect countries from the risks of foreign competition? Or will it unintendedly scare companies away towards other countries, resulting in many job losses? How should firms respond to these continuously changing trade tensions? It is believed that more international collaboration between influential companies and policy makers is needed to improve the world economy. Leaving us with the question how to handle current changing international relations best. In a world where international competition is higher than ever, should we open up or close down?