The Collapse Of Global Trade Murky Protectionism And The Crisis

Author : Richard E. Baldwin
Publisher :
ISBN 13 : 9781907142239
Total Pages : 112 pages
Book Rating : 4.31/5 ( download)

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Download or read book The Collapse of Global Trade, Murky Protectionism, and the Crisis written by Richard E. Baldwin and published by . This book was released on 2011-03 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis of 2008/9 is the Great Depression of the 21st century. For many though, the similarities stop at the Wall Street Crash as the current generation of policymakers have acted quickly to avoid the mistakes of the past. Yet the global crisis has made room for mistakes all of its own. While governments have apparently kept to their word on refraining from protectionist measures in the style of 1930s tariffs, there has been a disturbing rise in "murky protectionism." Seemingly benign, these crisis-linked policies are twisted to favour domestic firms, workers and investors. This book, first published as an eBook on VoxEU.org in March 2009, brings together leading trade policy practitioners and experts - including Australian Trade Minister Simon Crean and former Mexican President Ernesto Zedillo. Initially its aim was to advise policymakers heading in to the G20 meeting in London, but since the threat of murky protectionism persists, so too do their warnings.

Author :
Publisher : CEPR
ISBN 13 : 1907142053
Total Pages : 115 pages
Book Rating : 4.55/5 ( download)

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Download or read book The Collapse of Global Trade, Murky Protectionism and the Crisis: Recommendations for the G20 written by and published by CEPR. This book was released on with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Great Britain. Department for Business, Enterprise and Regulatory Reform
Publisher :
ISBN 13 :
Total Pages : 103 pages
Book Rating : 4.41/5 ( download)

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Download or read book The Collapse of Global Trade, Murky Protectionism, and the Crisis written by Great Britain. Department for Business, Enterprise and Regulatory Reform and published by . This book was released on 2009 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Mr.Brad J. McDonald
Publisher : International Monetary Fund
ISBN 13 : 1455265446
Total Pages : 43 pages
Book Rating : 4.42/5 ( download)

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Download or read book Protectionist Responses to the Crisis written by Mr.Brad J. McDonald and published by International Monetary Fund. This book was released on 2011-06-01 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates how trade flows are being affected by new discriminatory measures implemented during the global financial crisis. We match data on behind-the-border measures (e.g., bailouts and subsidies) and border measures implemented through April 2010 to monthly HS 4-digit bilateral trade data. Our estimation strategy relies on a first-differenced gravity equation and time-varying fixed effects to disentangle the impact of new discriminatory measures. Trade in exporter-importer pairs subject to new measures decreased by 5 to 8 percent relative to trade in the same product among pairs not subject to new measures. These product-level results imply global trade declines at the aggregate level of about 0.2 percent, or $30-35 billion a year. These aggregate figures would be higher, if one third of measures had not been excluded due to incomplete data. The paper then goes on to dissect protectionism’s trade impact by disaggregating measures by type, advanced/developing countries, regions, sectors, and time. Behind-the-border measures are found to have been more harmful than border measures at the product level. Among border measures, impacts tend to be higher for less transparent measures. Advanced countries are found to be responsible for 2/3 of the trade decline due to crisis protectionism, but their exports also absorbed 2/3 of this decline. When breaking down measures in a time dimension, we find that those taken in the first nine months after the Lehman collapse were most harmful and likely continue to constitute a drag on trade.

Author : Richard E. Baldwin
Publisher : CEPR
ISBN 13 : 1907142061
Total Pages : 246 pages
Book Rating : 4.62/5 ( download)

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Download or read book The Great Trade Collapse: Causes, Consequences and Prospects written by Richard E. Baldwin and published by CEPR. This book was released on 2009 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Cristina Constantinescu
Publisher : International Monetary Fund
ISBN 13 : 1498399134
Total Pages : 44 pages
Book Rating : 4.35/5 ( download)

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Download or read book The Global Trade Slowdown written by Cristina Constantinescu and published by International Monetary Fund. This book was released on 2015-01-21 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and income in the past four decades reveals that the long-term trade elasticity rose sharply in the 1990s, but declined significantly in the 2000s even before the global financial crisis. These results suggest that trade is growing slowly not only because of slow growth of Gross Domestic Product (GDP), but also because of a structural change in the trade-GDP relationship in recent years. The available evidence suggests that the explanation may lie in the slowing pace of international vertical specialization rather than increasing protection or the changing composition of trade and GDP.

Author : Mona Haddad
Publisher : World Bank Publications
ISBN 13 : 0821386336
Total Pages : 352 pages
Book Rating : 4.30/5 ( download)

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Download or read book Managing Openness written by Mona Haddad and published by World Bank Publications. This book was released on 2011 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis triggered a broad reassessment of economic integration policies in developed and developing countries worldwide. The crisis-induced collapse in trade was the sharpest ever since World War II, affecting all countries and all product categories. A huge shock to the trading system, combined with severe macroeconomic instability, makes it natural for policymakers to call into question the basic underlying assumptions of trade liberalization and openness. In particular, outward-oriented or export-led growth strategies are being reassessed as openness is increasingly associated with greater volatility. However, it is crucial not to lose sight of the dynamic benefits that openness can offer. Examples include technology transfer, increased competitive pressure that reduces markups and improves efficiency, and economies of scale. The real question is how to manage outward-oriented strategies so as to maximize the benefits of openness while minimizing risks. This book aims to contribute to this important and ongoing policy debate, bringing together recent empirical work on the trade collapse, its causes and consequences, and the broader trade policy agenda in the post-crisis environment. It addresses critical policy issues revolving around the topic of outward-oriented growth strategy, including policy instruments that help manage risks associated with outward-orientation, lessons learned from the crisis for particular countries and regions, and how emerging trade policy issues such as climate change, commodities, global production networking, and migration affect the prospects for recovery and outward-oriented growth.

Author : Ilán Bizberg
Publisher : Springer
ISBN 13 : 3319955373
Total Pages : 362 pages
Book Rating : 4.77/5 ( download)

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Download or read book Diversity of Capitalisms in Latin America written by Ilán Bizberg and published by Springer. This book was released on 2019-01-17 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: “One of the definite merits of this book is to cleverly mix a theoretical breakthrough with a meticulous historical and empirical account of the transformations of some key Latin American countries. First, it is at the frontier of a research agenda initiated back to the end of the 1970s, second it clearly distinguishes between an ideal-type approach and the complexity of any specific national configuration and its transformation in history. Furthermore, the author provides decisive arguments against a pure economic determinism too frequently supposed to govern institutions building and reforms. Last but not least, the book culminates by an impressive analysis of the crises that quite any Latin America society experiences at the end the 2010s.” -Robert Boyer, Institut des Amériques, Paris, France. This book defends the idea that there are significant structural and institutional differences between the countries in Latin America. Building off the results of a four-year research project, Bizberg argues against the idea that in Latin America there is one single type of capitalism—a hierarchical one—that is entangled in a vicious cycle. Rather, there are clusters of countries that have had similar historical trajectories, analogous structures, or comparable reactions to changes to the world economy, but have not all followed the same mode of development. Just as analysts have found a variety of capitalisms in developed countries, it is possible to identify the emergence of different types of capitalism in Latin America since the 1980s debt crisis. These varieties of capitalism are defined according to categories—including the articulation to the world economy, the role of the State, the structure of the political system and the action of civil society—which give rise to distinct wage relations, comprising the industrial relations system and the welfare regime.

Author : Carolyn Deere Birkbeck
Publisher : Cambridge University Press
ISBN 13 : 1139499416
Total Pages : 711 pages
Book Rating : 4.15/5 ( download)

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Download or read book Making Global Trade Governance Work for Development written by Carolyn Deere Birkbeck and published by Cambridge University Press. This book was released on 2011-08-18 with total page 711 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discussion of the governance of global trade and the multilateral trading system is too often dominated by developed-country scholars and opinion-makers, with inadequate attention given to developing country perspectives. Making Global Trade Governance Work for Development gathers a diversity of developing country views on how to improve the governance of global trade and the WTO to better advance sustainable development and respond to the needs of developing countries. With contributions by senior scholars, commentators and practitioners, the essays combine new, empirically-grounded research with practical insights about the trade policy-making process. They consider the specific governance issues of interest to developing countries and acknowledge the changing dynamics in the global economy and in trade decision-making.

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264054464
Total Pages : 159 pages
Book Rating : 4.62/5 ( download)

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Download or read book OECD Economic Surveys: European Union 2009 written by OECD and published by OECD Publishing. This book was released on 2009-09-21 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2009 edition of OECD's periodic economic review of the European Union. This edition includes chapters covering policies to overcome the crisis, strengthening research and innovation, deepening the single market, energy policy and the transition ...