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Trade Protectionism: An Increasing Threat to Global Economic Recovery

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  • Agnes Ghibutiu

    ()
    ("Dimitrie Cantemir" Christian University)

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    Abstract

    Unlike the Great Depression of the 1930s, the Great Recession of 200809 did not trigger a massive wave of protectionism as expected. Nevertheless, numerous countries have adjusted their trade policies during the financial crisis to mitigate its negative effects. Despite the widely shared view that crisisrelated protectionism has been limited and kept under control by the WTO’s multilateral rules, available date provide clear evidence on the quite notable increase in the number and incidence of the newly introduced trade restrictive measures. Starting from a brief overview of the current situation in the global economy, the paper highlights the main trends in the recent evolution of trade protectionism. It takes stock of the trade restrictive measures as evidenced by the monitoring exercises carried out globally, with a view to outline the peculiarities of contemporary protectionism and address, finally, its outlook and potential implications.

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    File URL: http://orizonturi.ucdc.ro/arhiva/2013_khe_3_pdf/khe_vol_5_iss_3_166to170.pdf
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    Bibliographic Info

    Article provided by Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest in its journal Knowledge Horizons - Economics.

    Volume (Year): 5 (2013)
    Issue (Month): 3 (September)
    Pages: 166-170

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    Handle: RePEc:khe:journl:v:5:y:2013:i:3:p:166-170

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    Related research

    Keywords: International trade; trade policy; protectionism; multilateral trading system; WTO;

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