Post-crisis Protectionism in the Region
In: Asia-Pacific Trade and Investment Report 2011: Post-crisis trade and investment opportunities
At the start of the global economic crisis in 2008/2009, there was a real fear that the sharp collapse in exports and production in many countries would lead to a repeat of the damaging trade wars in the 1930s. Fortunately, such a trade war, using tariffs as the principal protectionist tool, did not happen, although protectionism using other tools has increase. Contemporary or crisis-era protectionism is dominated by behind-the-border measures such as bailout, state aids and export subsidies rather than tariffs.
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