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Taking Stock of Trade Protectionism Since 2008

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  • Mohini Datt
  • Bernard Hoekman
  • Mariem Malouche

Abstract

Following the onset of the financial crisis in September 2008 and the subsequent “Great Trade Collapse” (Baldwin 2009), many countries actively used trade policy instruments as part of their response to the global recession. Governments pursued a mix of trade liberalization, trade promotion, and trade restrictions. The choice of trade policy has varied, with limited use of tariff hikes or antidumping and safeguard actions. Sector-specific support to industries dominated initial responses to the crisis, and there has been increasing resort to nontariff measures. Recent research suggests that vertical specialization—the growth in global supply chains—has played a significant role in limiting the use of traditional protectionist instruments. Pressures on governments to support domestic economic activity may increase, given current gloomy economic prospects and more binding macroeconomic policy constraints, and the number of protectionist measures has recently risen. Open trade cannot be taken for granted, thus the need for monitoring persists.
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Suggested Citation

  • Mohini Datt & Bernard Hoekman & Mariem Malouche, 2011. "Taking Stock of Trade Protectionism Since 2008," World Bank Publications - Reports 10068, The World Bank Group.
    • Handle: RePEc:wbk:wboper:10068
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    References listed on IDEAS

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    Cited by:

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    2. Luisa Kinzius & Alexander Sandkamp & Erdal Yalcin, 2019. "Trade protection and the role of non-tariff barriers," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 155(4), pages 603-643, November.
    3. Gorecki, Paul K., 2012. "Troubled Times: What Role for Competition and Regulatory Policy?," Papers EC10, Economic and Social Research Institute (ESRI).
    4. Kareem, Fatima Olanike & Martinez-Zarzoso, Inmaculada & Brümmer, Bernhard, 2016. "Protecting Health or Protecting Imports? Evidence from EU Non-Tariff Barriers," GlobalFood Discussion Papers 241267, Georg-August-Universitaet Goettingen, GlobalFood, Department of Agricultural Economics and Rural Development.
    5. Bogetoft Pedersen, Peter & Diakantoni, Antonia & Pérez del Castillo, Carlos & Mkhitarian, Amaliia, 2018. "WTO trade monitoring ten years on: Lessons learned and challenges ahead," WTO Staff Working Papers ERSD-2018-07, World Trade Organization (WTO), Economic Research and Statistics Division.
    6. Kareem, Fatima Olanike & Martínez-Zarzoso, Inmaculada & Brümmer, Bernhard, 2018. "Protecting health or protecting imports? Evidence from EU non-tariff measures," International Review of Economics & Finance, Elsevier, vol. 53(C), pages 185-202.
    7. Cooley, Morgan E. & Womack, Bethany & Rush, Jacqueline & Slinskey, Kristie, 2020. "Adverse childhood experiences among foster parents: Prevalence and association with resilience, coping, satisfaction as a foster parent, and intent to continue fostering," Children and Youth Services Review, Elsevier, vol. 109(C).
    8. Bogetoft Pedersen, Peter & Diakantoni, Antonia, 2020. "Lessons learned and challenges ahead for the WTO Trade Monitoring exercise," WTO Staff Working Papers ERSD-2020-03, World Trade Organization (WTO), Economic Research and Statistics Division.
    9. Hoekman, Bernard & Martin, Will, 2012. "Reducing Distortions in International Commodity Markets World commodity markets—and particularly the markets for agricultural commodities—remain highly distorted despite the wave of liberalization tha," World Bank - Economic Premise, The World Bank, issue 82, pages 1-5, May.
    10. Hoekman, Bernard & Martin, Will, 2012. "Reducing distortions in international commodity markets : an agenda for multilateral cooperation," Policy Research Working Paper Series 5928, The World Bank.

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    More about this item

    Keywords

    Law and Development - Trade Law International Economics and Trade - Free Trade International Economics and Trade - Trade Policy Economic Theory and Research Private Sector Development - Emerging Markets Macroeconomics and Economic Growth;

    JEL classification:

    • F1 - International Economics - - Trade
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F10 - International Economics - - Trade - - - General
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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