Whither international trade policies? Worries about continuing protectionism
The eighties should have seen further progress in the liberalization of international trade. During the Tokyo Round of trade policy negotiations (completed in 1979) an agreement on tariff reductions was reached and several "Codes of Conduct" were set up with the aim of stopping the proliferation of non-tariff restrictions and thereby providing for stability and predictability of trade rules. But by now it has become evident that the Tokyo Round marked a turning point in the post-war development towards liberalization. The failure of the GATT Ministerial Meeting in November 1982, mainly due to the clash between the United States and the European Community (and France) over a credible commitment to roll back import restrictions and to curb export subsidies, was a clear indication that the spirit of free trade was fading away. Subsequently, we have witnessed a strong revival of protectionism in the United States - the country which had led the trade liberalization process in the post-war period. Whether the recent meeting of trade ministers in Punta del Este (Uruguay) has laid the foundations of a new liberalization era remains to be seen. The next section highlights recent developments in trade policies, in particular the continued drift into protectionism. It should become clear where countervailing efforts, through a new round of multilateral trade negotiations within GATT (to begin in 1987), are of greatest need. Subsequently, the consequences of current protectionism are recalled, both for the protecting countries themselves and for the world economy as a whole. This is followed by a brief discussion of the causes of observable clashes between international economists' prescriptions and the conduct of trade policies in practice. The last section addresses the prospects for restoring a functioning world trading order.
|Date of creation:||1986|
|Contact details of provider:|| Postal: Kiellinie 66, D-24105 Kiel|
Phone: +49 431 8814-1
Fax: +49 431 8814528
Web page: http://www.ifw-kiel.de/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Julio.J. Nogués & Andrzej Olechowski & L. Alan Winters, 2015.
"The Extent of Nontariff Barriers to Industrial Countries' Imports,"
World Scientific Book Chapters,
in: Non-Tariff Barriers, Regionalism and Poverty Essays in Applied International Trade Analysis, chapter 2, pages 29-47
World Scientific Publishing Co. Pte. Ltd..
- Nogues, Julio J & Olechowski, Andrzej & Winters, L Alan, 1986. "The Extent of Nontariff Barriers to Industrial Countries' Imports," World Bank Economic Review, World Bank Group, vol. 1(1), pages 181-199, September.
- Spinanger, Dean & Zietz, Joachim, 1985.
"Managing trade but mangling the consumer: Reflections on the EEC's and West Germany's experience with the MFA,"
Kiel Working Papers
245, Kiel Institute for the World Economy.
- Spinanger, Dean & Zietz, Joachim, 1985. "Managing trade but mangling the consumer: Reflections on the EEC's and West Germany's experience with the MFA," Kiel Working Papers 245, Kiel Institute for the World Economy (IfW).
- André Sapir & Rolf Langhammer, 1987. "Economic impact of generalized tariff preferences," ULB Institutional Repository 2013/8090, ULB -- Universite Libre de Bruxelles.
- Robert Baldwin, 1984.
"Rent-seeking and trade policy: An industry approach,"
Review of World Economics (Weltwirtschaftliches Archiv),
Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 120(4), pages 662-677, December.
- Robert E. Baldwin, 1984. "Rent-Seeking and Trade Policy: An Industry Approach," NBER Working Papers 1499, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:zbw:ifwkdp:125. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics)
If references are entirely missing, you can add them using this form.