Recently, protectionism has been arising in many countries around the world. One reason for the rise is an increasing rejection of globalization by people who experience economic shocks that flow in from foreign countries. The inherent exclusivism of human beings is another reason that people are likely to oppose globalization. This research project will examine empirically (1) how economic shocks propagate through international firm networks and how such propagation can be alleviated by policy interventions, and (2) whether human beings' inherent exclusivism can be counteracted by exogenously-introduced interventions that promote social interactions between the populaces of different geographical regions. By so doing, this project will provide policy recommendations that address the rise of protectionism and anti-globalization sentiment.
August 17, 2020 - July 31, 2022