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The Impact of Unilateral Trade Policy on International Trade Structure

Author

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  • Cho, Moonhee

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

  • Bae, Chankwon

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

  • Lee, Kyu Yub

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

  • Kang, Jungu

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

  • Kim, Ji Hyeon

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

Abstract

Uncertainty grows with the diffusion of unilateral trade policies. In particular, the average value of the World Uncertainty Index increased by four to fivefold compared to 1990. Recently, unilateral trade policies are spreading internationally. Non-tariff measures including anti-dumping, countervailing measures, SPS and TBT are increasing. Moreover, both developing and developed countries are adopting trade-disruptive measures and these are rapidly increasing. This report analyzes the widespread diffusion of unilateral trade policies and changes in trade structures

Suggested Citation

  • Cho, Moonhee & Bae, Chankwon & Lee, Kyu Yub & Kang, Jungu & Kim, Ji Hyeon, 2021. "The Impact of Unilateral Trade Policy on International Trade Structure," World Economy Brief 21-41, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kiepwe:2021_041
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    Keywords

    trade policy; trade structure;

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