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Did WTO Rules Restrain Protectionism During the Recent Systemic Crisis?

In: The World Economy After The Global Crisis A New Economic Order for the 21st Century

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  • Simon J. Evenett

Abstract

"The multilateral trading system was instrumental in helping governments successfully resist intense protectionist pressures during the recent global recession. It is vital to preserve this system to be able to face future crisis. Any weakening of the multilateral trading system and the insurance policy that the WTO represents would provide grounds for renewed calls to retreat into protectionism." (WTO, 2011:3)

Suggested Citation

  • Simon J. Evenett, 2012. "Did WTO Rules Restrain Protectionism During the Recent Systemic Crisis?," World Scientific Book Chapters, in: Barry Eichengreen & Bokyeong Park (ed.), The World Economy After The Global Crisis A New Economic Order for the 21st Century, chapter 3, pages 29-75, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814383042_0003
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    Cited by:

    1. Aggarwal Vinod K. & Evenett Simon J., 2014. "Do WTO rules preclude industrial policy? Evidence from the global economic crisis," Business and Politics, De Gruyter, vol. 16(4), pages 1-29, December.

    More about this item

    Keywords

    World Economy; Financial Crisis; Global Trading System; Global Financial System; International Monetary System; G20; Global Governance; Emerging Markets; Asia; Advanced Economies;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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