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1948-2018: From the Free-Trade Vision to Protectionist Attitudes

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  • Nicola Acocella

    (Università La Sapienza, Rome, Italy)

Abstract

From the well-tempered liberism which found its expression in the international organisations established at the end of WW II we have moved to an exacerbate liberism and it may be that the diffusion of populism and protectionism is the product, certainly, excessive, of that exacerbate liberism. Political commentators and historians attribute the election of Donald Trump and his economic policy to the economic crisis begun in 2007-8, which was born rightly from such exacerbate liberism. The populistic waves that afflict Europe, herald of similar closures, can have similar foundations.If the world will stop in the path leading to commercial wars and closures of frontiers and will be able to reconstruct the season that led to the tempered liberism, is something desirable, but at present difficult to forecast.

Suggested Citation

  • Nicola Acocella, 2019. "1948-2018: From the Free-Trade Vision to Protectionist Attitudes," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 72(4), pages 367-392.
    • Handle: RePEc:ris:ecoint:0854
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    References listed on IDEAS

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    1. Rodrik, Dani, 2002. "Feasible Globalizations," CEPR Discussion Papers 3524, Centre for Economic Policy Research.
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