This course aims to reveal the causes and consequences of liberal and anti-liberal (protectionist) views on foreign trade, which constitutes about 60% of the global economy in the 21st century, within the context of neoliberalism and trade-currency wars. Especially after the 2008 Crisis, modern new protectionism movements gained strength in the developed world, while liberal policies started to come to the fore in the developing world, indicating a major shift in global production and trade. This eventually leads to an acceleration of trade conflicts between developed and developing countries, particularly the US and China. Ultimately, world trade and economy are disrupted. In this context, students studying this course will learn how globalization, liberalization and protectionism policies affect countries and the world economy. In addition, students will be aware of the difficulties and advantages of competing in the international market.

This course examines the causes and consequences of liberal and anti-liberal policies in international trade. In this context, the dominant policies in global trade from mercantilism economics to the present day and their consequences will be explored. Finally, the causes, consequences and effects on the global economy of the recent trade and currency wars between the world's two largest economies, China and the US, will be analyzed. In addition, regional economic integrations such as the EU, the BRICS group, NAFTA and the G20, which shape global trade, will be analyzed. Thus, the problems in the world economy caused by the ongoing competition between the world's largest economies and integrations will be investigated. This study covers the following main topics: globalization, liberalization, protectionism, trade wars, currency wars, economic integration, foreign trade, new protectionism.