Lily Chang

Uncertainty, whether sparked by financial turmoil, pandemics, geopolitical tensions, or abrupt technological shifts, exerts pressures that steer governments and voters toward protectionist measures. Such protectionism emerges from fear, political incentives, and calculated strategy. This article explores the forces that revive protectionism during difficult periods, illustrates them through historical and contemporary examples, analyzes the economic mechanisms and outcomes involved, and presents policy alternatives that can lessen the impulse to withdraw behind trade barriers.Historical trends and recent instancesProtectionism is far from a recent oddity. The 1930s Smoot-Hawley tariffs stand as a defining illustration: the United States boosted duties in a bid to…

Artificial intelligence is no longer a niche technical field; it is a core strategic instrument that reshapes economic power, national security, corporate advantage, and social outcomes. Nations and firms that control advanced models, vast datasets, and concentrated compute resources gain outsized influence. The dynamics of the AI era amplify preexisting strengths — talent, capital, manufacturing capacity — while introducing new levers such as model scale, data ecosystems, and regulatory posture.Economic stakes and market scaleAI is a significant driver of expansion. While methodologies differ, prominent projections suggest that its worldwide economic influence could reach several trillion dollars before the decade concludes.…