{"id":135209,"date":"2025-06-27T18:10:54","date_gmt":"2025-06-27T18:10:54","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/rising-importance-of-strategic-products-fuels-protectionism"},"modified":"2025-06-27T18:33:57","modified_gmt":"2025-06-27T18:33:57","slug":"rising-importance-of-strategic-products-fuels-protectionism","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/rising-importance-of-strategic-products-fuels-protectionism","title":{"rendered":"Rising Importance of Strategic Products Fuels Protectionism"},"content":{"rendered":"

Africa-Press – Tanzania. <\/strong><\/span>The global economy is going through structural changes with the rising importance of strategic products bringing protectionist trade tendencies to the fore.<\/p>\n

Mercantilist policies are on the rise as of the beginning of this year, in particular with US President Donald Trump\u2019s tariffs and similar steps by other countries causing protectionism to replace free trade — the rise of protectionist policies is hampering globalization, while regional economic blocs gain more significance.<\/p>\n

Analysts say that this trend will lead to more concerns over global growth due to a decline in economic cooperation between countries and further restrictions on trade, despite the expectations of a digitalization, artificial intelligence (AI), and green transformation-induced evolution in the global economic system.<\/p>\n

This further evolution would have a chance to change the production and consumption habits, approaches to economic management, and international cooperation models.<\/p>\n

Ibrahim Unalmis, a professor of economics and the director of the Financial Research and Implementation Center at Istanbul-based Bahcesehir University, told Anadolu that there are three stages to globalization that have been seen in history.<\/p>\n

\u201cWorking or starting a business outside of one\u2019s country has become more prevalent due to globalization,\u201d he said.<\/p>\n

Unalmis stated that countries, following World War II, focused on making their own industries, as European nations and the US turned to rebuild their economies.<\/p>\n

\u201cBut by the 1970s, economy began to \u2018outgrow their boundaries,\u2019 with technological progress and things like computers entering everyday life — we began to see more views benefitting foreign trade come out of these developments: the basic idea that countries should produce in areas they are the most efficient in and establish foreign trade relations accordingly,\u201d he noted.<\/p>\n

Unalmis mentioned that globalization is not a spontaneous process and countries like the US in particular supported globalization efforts via the World Bank and the IMF to boost prosperity.<\/p>\n

He said trade relations around the world have increased since the 1980s but the supply chain security of strategic products has been neglected, highlighted further by Trump\u2019s past statements on industrial nationalization since 2016 and the pandemic in 2019.<\/p>\n

\u201cIf a country can\u2019t produce chips or source them from abroad, they are forced to halt their production of strategic products in key sectors like defense and communications,\u201d he said, referring to the chip crisis during the pandemic.<\/p>\n

Unalmis stated that countries were prompted to encourage trends in domestic strategic products in the face of such crises, while supply chains have been reshaped based on allied countries and geographically close countries, which spells both opportunities and risks for Tu\u0308rkiye.<\/p>\n

He said that financial capital in technological sectors grew faster than other sectors with many developments, with previously unknown financial products leading to a disruption in income distribution, favoring those with access to it, while physical capital shifted to developing countries like China with cheaper production, giving rise to unemployment in developed countries.<\/p>\n

\u201cTrump is generally at the forefront of politicians who are trying to find a solution but anyone who can think about the economic issues can see that the US\u2019 current situation is unsustainable,\u201d he said.<\/p>\n

Unalmis stated that changing the economic policies in the US is not easy, as the country has the world\u2019s largest economy.<\/p>\n

\u201cTrump also sees the need for change here but it is unclear if the solution is to have the system turn into a mercantilist structure,\u201d he said. \u201cIt\u2019s unlikely to be a sharp turn to mercantilism but we can clearly see countries are more reluctant to establish complementary trade relations with other countries compared to the past.\u201d<\/p>\n

For More News And Analysis About Tanzania<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. The global economy is going through structural changes with the rising importance of strategic products bringing protectionist trade tendencies to the fore. Mercantilist policies are on the rise as of the beginning of this year, in particular with US President Donald Trump\u2019s tariffs and similar steps by other countries causing protectionism to […]<\/p>\n","protected":false},"author":84,"featured_media":135208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[9919,14397,13787,711,13724,1723],"class_list":["post-135209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-global-trade","tag-mercantilism","tag-protectionism","tag-tanzania","tag-tariffs","tag-usa"],"yoast_head":"\nRising Importance of Strategic Products Fuels Protectionism - Tanzania<\/title>\n<meta name=\"description\" content=\"The global economy is going through structural changes with the rising importance of strategic products bringing protect ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/rising-importance-of-strategic-products-fuels-protectionism\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rising Importance of Strategic Products Fuels Protectionism\" \/>\n<meta property=\"og:description\" content=\"The global economy is going through structural changes with the rising importance of strategic products bringing protect ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/rising-importance-of-strategic-products-fuels-protectionism\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-27T18:10:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-27T18:33:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2025\/06\/sm_1751032919.95484.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/rising-importance-of-strategic-products-fuels-protectionism#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/rising-importance-of-strategic-products-fuels-protectionism\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Rising Importance of Strategic Products Fuels Protectionism\",\"datePublished\":\"2025-06-27T18:10:54+00:00\",\"dateModified\":\"2025-06-27T18:33:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/rising-importance-of-strategic-products-fuels-protectionism\"},\"wordCount\":611,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/rising-importance-of-strategic-products-fuels-protectionism#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2025\/06\/sm_1751032919.95484.jpg\",\"keywords\":[\"global trade\",\"mercantilism\",\"protectionism\",\"tanzania\",\"tariffs\",\"USA\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/rising-importance-of-strategic-products-fuels-protectionism#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/rising-importance-of-strategic-products-fuels-protectionism\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/rising-importance-of-strategic-products-fuels-protectionism\",\"name\":\"Rising Importance of Strategic Products Fuels Protectionism - 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