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Crisis-era protectionism and the multilateral governance of trade: an assessment

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  • Simon J. Evenett
  • David Vines

Abstract

This paper examines the multilateral governance of trade along with the prospects for its meaningful reform, in the light of recent, crisis-era discrimination against the many types of cross-border commerce. Prior episodes of protectionism provide a useful benchmark. The findings are not optimistic. The current set of multilateral rules is incomplete, has weak incentives for compliance, and can be readily circumvented. Only a far-reaching revision of these rules could induce more restraint. Copyright 2012, Oxford University Press.

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  • Simon J. Evenett & David Vines, 2012. "Crisis-era protectionism and the multilateral governance of trade: an assessment," Oxford Review of Economic Policy, Oxford University Press, vol. 28(2), pages 195-210, SUMMER.
  • Handle: RePEc:oup:oxford:v:28:y:2012:i:2:p:195-210
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    File URL: http://hdl.handle.net/10.1093/oxrep/grs019
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