Taking Stock of Trade Protectionism Since 2008

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 m...

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Main Authors: Datt, Mohini, Hoekman, Bernard, Malouche, Mariem
Format: Brief
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
TAX
WTO
Online Access:http://documents.worldbank.org/curated/en/2011/12/15535482/taking-stock-trade-protectionism-2008
http://hdl.handle.net/10986/10068
id okr-10986-10068
recordtype oai_dc
spelling okr-10986-100682021-04-23T14:02:48Z Taking Stock of Trade Protectionism Since 2008 Datt, Mohini Hoekman, Bernard Malouche, Mariem AD VALOREM AGRICULTURE ANTIDUMPING APPLIED TARIFF AVERAGE TARIFFS BILATERAL TRADE BILATERAL TRADE DATA BORDER MEASURES CAPITAL GOODS COMMODITY COMMODITY PRICE COMPETITIVENESS CONSUMER GOODS COUNTERVAILING DUTIES CURRENCY CURRENCY APPRECIATION CUSTOMS CUSTOMS UNION DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DISPUTE SETTLEMENT DOMESTIC INDUSTRIES DOMESTIC INDUSTRY DOMESTIC MARKETS EMERGING ECONOMIES EMERGING MARKET EUROPEAN UNION EXPORT BANS EXPORT INCENTIVES EXPORT MARKETS EXPORT QUOTAS EXPORT RESTRICTIONS EXPORT TAXES EXPORT VOLUME EXPORTERS EXPORTS FINANCIAL CRISIS FOOD PRICE FOREIGN COMPETITION FOREIGN FIRMS FOREIGN SUPPLIERS GLOBAL TRADE GLOBAL TRADING IMPACT OF TRADE IMPORT BANS IMPORT LICENSING IMPORT PROTECTION IMPORT QUOTAS IMPORT RESTRICTIONS IMPORT TARIFFS IMPORTED PRODUCTS IMPORTS INCOME INCOME GROUP INSTITUTIONAL CAPACITY INTERMEDIATE GOODS INTERMEDIATE INPUTS INTERNATIONAL TRADING INTERNATIONAL TRADING ENVIRONMENT MACROECONOMIC CONDITIONS MACROECONOMIC POLICY MIDDLE-INCOME COUNTRIES MIDDLE-INCOME ECONOMIES NATIONAL INDUSTRIES NATURAL DISASTERS NATURAL RESOURCES OPEN TRADE PANEL STAGE POLICY MAKERS POLICY RESEARCH POLITICAL ECONOMY PREFERENTIAL TRADE PREFERENTIAL TRADE AGREEMENTS PRICE INCREASES PRICE SUPPORT PROTECTION MEASURES PROTECTIONISM PROTECTIONIST PROTECTIONIST MEASURES REGIONAL TRADE REGIONAL TRADE AGREEMENTS RETALIATORY MEASURES SAFEGUARD ACTIONS TARIFF DATA TARIFF EQUIVALENT TARIFF LINES TARIFF RATES TARIFF REDUCTION TARIFF REDUCTIONS TAX TAX CREDITS TRADE ALERT TRADE BARRIERS TRADE COSTS TRADE EFFECT TRADE EFFECTS TRADE FACILITATION TRADE FLOWS TRADE LIBERALIZATION TRADE MEASURES TRADE PARTNER TRADE PARTNERS TRADE POLICIES TRADE POLICY TRADE POLICY INSTRUMENTS TRADE PREFERENCE TRADE PROMOTION TRADE RESTRICTIONS TRADE VOLUME TRADE VOLUMES TRANSPARENCY UNEMPLOYMENT UNEMPLOYMENT RATES VERTICAL SPECIALIZATION WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION WTO ZERO TARIFFS 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. 2012-08-13T10:19:35Z 2012-08-13T10:19:35Z 2011-12 http://documents.worldbank.org/curated/en/2011/12/15535482/taking-stock-trade-protectionism-2008 http://hdl.handle.net/10986/10068 English Economic Premise; No. 72 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic AD VALOREM
AGRICULTURE
ANTIDUMPING
APPLIED TARIFF
AVERAGE TARIFFS
BILATERAL TRADE
BILATERAL TRADE DATA
BORDER MEASURES
CAPITAL GOODS
COMMODITY
COMMODITY PRICE
COMPETITIVENESS
CONSUMER GOODS
COUNTERVAILING DUTIES
CURRENCY
CURRENCY APPRECIATION
CUSTOMS
CUSTOMS UNION
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPING ECONOMIES
DISPUTE SETTLEMENT
DOMESTIC INDUSTRIES
DOMESTIC INDUSTRY
DOMESTIC MARKETS
EMERGING ECONOMIES
EMERGING MARKET
EUROPEAN UNION
EXPORT BANS
EXPORT INCENTIVES
EXPORT MARKETS
EXPORT QUOTAS
EXPORT RESTRICTIONS
EXPORT TAXES
EXPORT VOLUME
EXPORTERS
EXPORTS
FINANCIAL CRISIS
FOOD PRICE
FOREIGN COMPETITION
FOREIGN FIRMS
FOREIGN SUPPLIERS
GLOBAL TRADE
GLOBAL TRADING
IMPACT OF TRADE
IMPORT BANS
IMPORT LICENSING
IMPORT PROTECTION
IMPORT QUOTAS
IMPORT RESTRICTIONS
IMPORT TARIFFS
IMPORTED PRODUCTS
IMPORTS
INCOME
INCOME GROUP
INSTITUTIONAL CAPACITY
INTERMEDIATE GOODS
INTERMEDIATE INPUTS
INTERNATIONAL TRADING
INTERNATIONAL TRADING ENVIRONMENT
MACROECONOMIC CONDITIONS
MACROECONOMIC POLICY
MIDDLE-INCOME COUNTRIES
MIDDLE-INCOME ECONOMIES
NATIONAL INDUSTRIES
NATURAL DISASTERS
NATURAL RESOURCES
OPEN TRADE
PANEL STAGE
POLICY MAKERS
POLICY RESEARCH
POLITICAL ECONOMY
PREFERENTIAL TRADE
PREFERENTIAL TRADE AGREEMENTS
PRICE INCREASES
PRICE SUPPORT
PROTECTION MEASURES
PROTECTIONISM
PROTECTIONIST
PROTECTIONIST MEASURES
REGIONAL TRADE
REGIONAL TRADE AGREEMENTS
RETALIATORY MEASURES
SAFEGUARD ACTIONS
TARIFF DATA
TARIFF EQUIVALENT
TARIFF LINES
TARIFF RATES
TARIFF REDUCTION
TARIFF REDUCTIONS
TAX
TAX CREDITS
TRADE ALERT
TRADE BARRIERS
TRADE COSTS
TRADE EFFECT
TRADE EFFECTS
TRADE FACILITATION
TRADE FLOWS
TRADE LIBERALIZATION
TRADE MEASURES
TRADE PARTNER
TRADE PARTNERS
TRADE POLICIES
TRADE POLICY
TRADE POLICY INSTRUMENTS
TRADE PREFERENCE
TRADE PROMOTION
TRADE RESTRICTIONS
TRADE VOLUME
TRADE VOLUMES
TRANSPARENCY
UNEMPLOYMENT
UNEMPLOYMENT RATES
VERTICAL SPECIALIZATION
WORLD ECONOMY
WORLD TRADE
WORLD TRADE ORGANIZATION
WTO
ZERO TARIFFS
spellingShingle AD VALOREM
AGRICULTURE
ANTIDUMPING
APPLIED TARIFF
AVERAGE TARIFFS
BILATERAL TRADE
BILATERAL TRADE DATA
BORDER MEASURES
CAPITAL GOODS
COMMODITY
COMMODITY PRICE
COMPETITIVENESS
CONSUMER GOODS
COUNTERVAILING DUTIES
CURRENCY
CURRENCY APPRECIATION
CUSTOMS
CUSTOMS UNION
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPING ECONOMIES
DISPUTE SETTLEMENT
DOMESTIC INDUSTRIES
DOMESTIC INDUSTRY
DOMESTIC MARKETS
EMERGING ECONOMIES
EMERGING MARKET
EUROPEAN UNION
EXPORT BANS
EXPORT INCENTIVES
EXPORT MARKETS
EXPORT QUOTAS
EXPORT RESTRICTIONS
EXPORT TAXES
EXPORT VOLUME
EXPORTERS
EXPORTS
FINANCIAL CRISIS
FOOD PRICE
FOREIGN COMPETITION
FOREIGN FIRMS
FOREIGN SUPPLIERS
GLOBAL TRADE
GLOBAL TRADING
IMPACT OF TRADE
IMPORT BANS
IMPORT LICENSING
IMPORT PROTECTION
IMPORT QUOTAS
IMPORT RESTRICTIONS
IMPORT TARIFFS
IMPORTED PRODUCTS
IMPORTS
INCOME
INCOME GROUP
INSTITUTIONAL CAPACITY
INTERMEDIATE GOODS
INTERMEDIATE INPUTS
INTERNATIONAL TRADING
INTERNATIONAL TRADING ENVIRONMENT
MACROECONOMIC CONDITIONS
MACROECONOMIC POLICY
MIDDLE-INCOME COUNTRIES
MIDDLE-INCOME ECONOMIES
NATIONAL INDUSTRIES
NATURAL DISASTERS
NATURAL RESOURCES
OPEN TRADE
PANEL STAGE
POLICY MAKERS
POLICY RESEARCH
POLITICAL ECONOMY
PREFERENTIAL TRADE
PREFERENTIAL TRADE AGREEMENTS
PRICE INCREASES
PRICE SUPPORT
PROTECTION MEASURES
PROTECTIONISM
PROTECTIONIST
PROTECTIONIST MEASURES
REGIONAL TRADE
REGIONAL TRADE AGREEMENTS
RETALIATORY MEASURES
SAFEGUARD ACTIONS
TARIFF DATA
TARIFF EQUIVALENT
TARIFF LINES
TARIFF RATES
TARIFF REDUCTION
TARIFF REDUCTIONS
TAX
TAX CREDITS
TRADE ALERT
TRADE BARRIERS
TRADE COSTS
TRADE EFFECT
TRADE EFFECTS
TRADE FACILITATION
TRADE FLOWS
TRADE LIBERALIZATION
TRADE MEASURES
TRADE PARTNER
TRADE PARTNERS
TRADE POLICIES
TRADE POLICY
TRADE POLICY INSTRUMENTS
TRADE PREFERENCE
TRADE PROMOTION
TRADE RESTRICTIONS
TRADE VOLUME
TRADE VOLUMES
TRANSPARENCY
UNEMPLOYMENT
UNEMPLOYMENT RATES
VERTICAL SPECIALIZATION
WORLD ECONOMY
WORLD TRADE
WORLD TRADE ORGANIZATION
WTO
ZERO TARIFFS
Datt, Mohini
Hoekman, Bernard
Malouche, Mariem
Taking Stock of Trade Protectionism Since 2008
relation Economic Premise; No. 72
description 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.
format Publications & Research :: Brief
author Datt, Mohini
Hoekman, Bernard
Malouche, Mariem
author_facet Datt, Mohini
Hoekman, Bernard
Malouche, Mariem
author_sort Datt, Mohini
title Taking Stock of Trade Protectionism Since 2008
title_short Taking Stock of Trade Protectionism Since 2008
title_full Taking Stock of Trade Protectionism Since 2008
title_fullStr Taking Stock of Trade Protectionism Since 2008
title_full_unstemmed Taking Stock of Trade Protectionism Since 2008
title_sort taking stock of trade protectionism since 2008
publisher World Bank, Washington, DC
publishDate 2012
url http://documents.worldbank.org/curated/en/2011/12/15535482/taking-stock-trade-protectionism-2008
http://hdl.handle.net/10986/10068
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