In light of this, should countries take steps to withdraw from international trade and finance, or would such a move be counterproductive?

Module 1 Discussion Question: Development of the Modern IPE System

In this era of globalization, the fates of countries are increasingly interconnected such that an economic crisis in a single countries can spread quickly and effect the entire globe. In light of this, should countries take steps to withdraw from international trade and finance, or would such a move be counterproductive?

References
Cohn, Theodore H. and Anil Hira. 2021. Global Political Economy (Theory and Practice), 8thEdition. New York, NY: Routledge.
Collins, Stephen. “The Development of the Modern International Political Economic System”. IPM 7745: International Political Economy. Lecture Notes, 2022.
Gilpin, Robert. 2001. Global Political Economy: Understanding the International Economic Order. Princeton, NJ: Princeton University Press.
Cohn, T. H., & Hira, A. (2021). Global Political Economy: Theory and Practice (8th Edition ed.). New York: Rutledge

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