Kalayci, Irfan2024-08-042024-08-0420111300-3623https://hdl.handle.net/11616/103936The global financial crises occurred from 2008 to 2010. As it was in the depression in 1929 bring up two opposite opinion about the capitalist system. Free foreign trade can cause both miracles and disasters. Most of the national-federal economies that are affected from the crises took a break to neo-liberal policies and embraced the protectionism shelter. This movement named as the shifts in the paradigms. USA started to export idea of murky protection with the slogan Keynes in - Smith out in order to fix the world economy caused by it own mortgage crises. It was interfered with control instruments in order to restabilize foreign trade. Each sector (agriculture, steel, automobile, energy, textile, services etc.) and each zone (USA, EU, ASEAN, BRICS etc.) used a specific intervention. On the other side, G-8, G-20, IMF and WTO and many other international organizations was cautioned on this protectionist politics.trinfo:eu-repo/semantics/closedAccessGlobal Financial CrisisLiberal Foreign TradeProtectionismArticle16176104WOS:000420266500006N/A