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Mapping Crisis-Era Protectionism in the Asia and Pacific Region

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  • Simon J. Evenett

    (Asian Development Bank Institute (ADBI))

Abstract

This paper provides an account of the resort in recent years by governments in the Asia and Pacific region to discrimination against foreign commercial interests. As in previous systemic economic crises, policymakers altered the mix of discriminatory policies employed. This time around governments of higher income economies in the region frequently softened the budget constraints of firms, offering a range of financial incentives that went beyond high-profile bank sector bailouts. Meanwhile, many developing countries in the Asia and Pacific region relied more on traditional forms of protectionism. The result is a more fragmented set of markets in the Asia and Pacific region than before the crisis.

Suggested Citation

  • Simon J. Evenett, 2013. "Mapping Crisis-Era Protectionism in the Asia and Pacific Region," Trade Working Papers 23851, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:tradew:23851
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    References listed on IDEAS

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    1. Eichengreen, Barry & Irwin, Douglas A., 2010. "The Slide to Protectionism in the Great Depression: Who Succumbed and Why?," The Journal of Economic History, Cambridge University Press, vol. 70(4), pages 871-897, December.
    2. Wen-jen Hsieh, 2011. "The Global Economic Recession and Industrial Structure : Evidence from Four Asian Dragons," Trade Working Papers 23221, East Asian Bureau of Economic Research.
    3. Evenett, Simon, 2011. "Did WTO rules restrain protectionism during the recent systemic crisis?," CEPR Discussion Papers 8687, C.E.P.R. Discussion Papers.
    4. Wen-jen Hsieh, 2011. "The Global Economic Recession and Industrial Structure : Evidence from Four Asian Dragons," Microeconomics Working Papers 23221, East Asian Bureau of Economic Research.
    5. Hsieh, Wen-jen, 2011. "The Global Economic Recession and Industrial Structure: Evidence from Four Asian Dragons," ADBI Working Papers 315, Asian Development Bank Institute.
    6. Simon J. Evenett & Johannes Fritz & Yang Chun Jing, 2012. "Beyond dollar exchange-rate targeting: China’s crisis-era export management regime," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 28(2), pages 284-300, SUMMER.
    7. Woosik Moon, 2013. "Cross-Border Price Differentials and Goods Market Integration in East Asia," Trade Working Papers 23433, East Asian Bureau of Economic Research.
    8. Moon, Woosik, 2013. "Cross-Border Price Differentials and Goods Market Integration in East Asia," ADBI Working Papers 426, Asian Development Bank Institute.
    9. Gloria O. Pasadilla, 2013. "Addressing Non-tariff Measures in ASEAN," ARTNeT Working Papers 130, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
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    Cited by:

    1. Grübler, Julia & Reiter, Oliver, 2021. "Characterising non-tariff trade policy," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 138-163.
    2. Simon J Evenett, 2019. "Protectionism, state discrimination, and international business since the onset of the Global Financial Crisis," Journal of International Business Policy, Palgrave Macmillan, vol. 2(1), pages 9-36, March.
    3. Simon J. Evenett, 2021. "Power transition and the regulatory state in large emerging markets: Norm‐breaking after the global financial crisis," Regulation & Governance, John Wiley & Sons, vol. 15(3), pages 472-491, July.

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    More about this item

    Keywords

    the Asia and Pacific region; financial incentives; traditional forms of protectionism; Global Trade Alert Database; financial sector bailout;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations

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