Is Protectionism on the Rise? Assessing National Trade Policies during the Crisis of 2008
To understand the role of trade policies in the crisis of 2008, this paper constructs the overall trade restrictiveness indices for a wide range of countries using their tariff schedules in 2008 and 2009. The index summarizes the trade policy stanc...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100419121819 http://hdl.handle.net/10986/3761 |
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okr-10986-37612021-04-23T14:02:12Z Is Protectionism on the Rise? Assessing National Trade Policies during the Crisis of 2008 Kee, Hiau Looi Neagu, Cristina Nicita, Alessandro AD VALOREM AGGREGATE IMPORTS AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR AGRICULTURE ANTI-DUMPING CASES ANTI-DUMPING DUTIES ANTIDUMPING ANTIDUMPING DUTIES BASE YEAR BILATERAL TRADE BILATERAL TRADE AGREEMENTS BILATERAL TRADE DATA CHANGES IN TRADE DEMAND ELASTICITIES DEMAND ELASTICITY DEMAND SHOCKS DOMESTIC INDUSTRIES DOMESTIC MARKET DOMESTIC PRODUCERS DUMPING ECONOMIC CRISIS ECONOMIC POLICY ELASTICITY EQUILIBRIUM EUROPEAN UNION EXPORTS FINANCIAL CRISIS GDP GLOBAL TRADE IMPORT VALUE IMPORTED ITEMS IMPORTED PRODUCTS IMPORTS INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL TRADE ITC LOCAL CONTENT MFN OPENNESS POLICY RESEARCH PROTECTIONISM PROTECTIONIST PROTECTIONIST DEVICE REGIONAL TRADE REGIONAL TRADE AGREEMENTS TARIFF CHANGES TARIFF POLICIES TARIFF SCHEDULES TRADE CENTER TRADE DATA TRADE DISTORTIONS TRADE FLOWS TRADE MEASURES TRADE POLICIES TRADE POLICY TRADE POLICY INSTRUMENTS TRADE PROTECTION TRADE REMEDIES TRADE VALUE TRADING PARTNERS TRADING SYSTEM UNEMPLOYMENT VERTICAL SPECIALIZATION WORLD PRICES WORLD TRADE WORLD TRADE ORGANIZATION WTO To understand the role of trade policies in the crisis of 2008, this paper constructs the overall trade restrictiveness indices for a wide range of countries using their tariff schedules in 2008 and 2009. The index summarizes the trade policy stance of a country, taking into account the share of each good in trade as well as its corresponding import demand elasticity. Results show that there is no widespread increase in protectionism via tariff policies since the global financial crisis has unfolded. While many countries have adjusted tariffs upward on selected products, only a handful of countries, such as Malawi, Russia, Argentina, Turkey and China focus on products that have significant impacts on trade flows. The United States and the European Union, by contrast, rely mainly on anti-dumping duties to shield domestic industries. Overall, while the rise in tariffs and anti-dumping duties in these countries may have jointly caused global trade to drop by as much as US$43 billion during the crisis period, it explains less than 2 percent of the collapse in world trade. 2012-03-19T18:39:21Z 2012-03-19T18:39:21Z 2010-04-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100419121819 http://hdl.handle.net/10986/3761 English Policy Research working paper ; no. WPS 5274 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region |
| 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 AGGREGATE IMPORTS AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR AGRICULTURE ANTI-DUMPING CASES ANTI-DUMPING DUTIES ANTIDUMPING ANTIDUMPING DUTIES BASE YEAR BILATERAL TRADE BILATERAL TRADE AGREEMENTS BILATERAL TRADE DATA CHANGES IN TRADE DEMAND ELASTICITIES DEMAND ELASTICITY DEMAND SHOCKS DOMESTIC INDUSTRIES DOMESTIC MARKET DOMESTIC PRODUCERS DUMPING ECONOMIC CRISIS ECONOMIC POLICY ELASTICITY EQUILIBRIUM EUROPEAN UNION EXPORTS FINANCIAL CRISIS GDP GLOBAL TRADE IMPORT VALUE IMPORTED ITEMS IMPORTED PRODUCTS IMPORTS INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL TRADE ITC LOCAL CONTENT MFN OPENNESS POLICY RESEARCH PROTECTIONISM PROTECTIONIST PROTECTIONIST DEVICE REGIONAL TRADE REGIONAL TRADE AGREEMENTS TARIFF CHANGES TARIFF POLICIES TARIFF SCHEDULES TRADE CENTER TRADE DATA TRADE DISTORTIONS TRADE FLOWS TRADE MEASURES TRADE POLICIES TRADE POLICY TRADE POLICY INSTRUMENTS TRADE PROTECTION TRADE REMEDIES TRADE VALUE TRADING PARTNERS TRADING SYSTEM UNEMPLOYMENT VERTICAL SPECIALIZATION WORLD PRICES WORLD TRADE WORLD TRADE ORGANIZATION WTO |
| spellingShingle |
AD VALOREM AGGREGATE IMPORTS AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR AGRICULTURE ANTI-DUMPING CASES ANTI-DUMPING DUTIES ANTIDUMPING ANTIDUMPING DUTIES BASE YEAR BILATERAL TRADE BILATERAL TRADE AGREEMENTS BILATERAL TRADE DATA CHANGES IN TRADE DEMAND ELASTICITIES DEMAND ELASTICITY DEMAND SHOCKS DOMESTIC INDUSTRIES DOMESTIC MARKET DOMESTIC PRODUCERS DUMPING ECONOMIC CRISIS ECONOMIC POLICY ELASTICITY EQUILIBRIUM EUROPEAN UNION EXPORTS FINANCIAL CRISIS GDP GLOBAL TRADE IMPORT VALUE IMPORTED ITEMS IMPORTED PRODUCTS IMPORTS INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL TRADE ITC LOCAL CONTENT MFN OPENNESS POLICY RESEARCH PROTECTIONISM PROTECTIONIST PROTECTIONIST DEVICE REGIONAL TRADE REGIONAL TRADE AGREEMENTS TARIFF CHANGES TARIFF POLICIES TARIFF SCHEDULES TRADE CENTER TRADE DATA TRADE DISTORTIONS TRADE FLOWS TRADE MEASURES TRADE POLICIES TRADE POLICY TRADE POLICY INSTRUMENTS TRADE PROTECTION TRADE REMEDIES TRADE VALUE TRADING PARTNERS TRADING SYSTEM UNEMPLOYMENT VERTICAL SPECIALIZATION WORLD PRICES WORLD TRADE WORLD TRADE ORGANIZATION WTO Kee, Hiau Looi Neagu, Cristina Nicita, Alessandro Is Protectionism on the Rise? Assessing National Trade Policies during the Crisis of 2008 |
| geographic_facet |
The World Region The World Region |
| relation |
Policy Research working paper ; no. WPS 5274 |
| description |
To understand the role of trade policies
in the crisis of 2008, this paper constructs the overall
trade restrictiveness indices for a wide range of countries
using their tariff schedules in 2008 and 2009. The index
summarizes the trade policy stance of a country, taking into
account the share of each good in trade as well as its
corresponding import demand elasticity. Results show that
there is no widespread increase in protectionism via tariff
policies since the global financial crisis has unfolded.
While many countries have adjusted tariffs upward on
selected products, only a handful of countries, such as
Malawi, Russia, Argentina, Turkey and China focus on
products that have significant impacts on trade flows. The
United States and the European Union, by contrast, rely
mainly on anti-dumping duties to shield domestic industries.
Overall, while the rise in tariffs and anti-dumping duties
in these countries may have jointly caused global trade to
drop by as much as US$43 billion during the crisis period,
it explains less than 2 percent of the collapse in world trade. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Kee, Hiau Looi Neagu, Cristina Nicita, Alessandro |
| author_facet |
Kee, Hiau Looi Neagu, Cristina Nicita, Alessandro |
| author_sort |
Kee, Hiau Looi |
| title |
Is Protectionism on the Rise? Assessing National Trade Policies during the Crisis of 2008 |
| title_short |
Is Protectionism on the Rise? Assessing National Trade Policies during the Crisis of 2008 |
| title_full |
Is Protectionism on the Rise? Assessing National Trade Policies during the Crisis of 2008 |
| title_fullStr |
Is Protectionism on the Rise? Assessing National Trade Policies during the Crisis of 2008 |
| title_full_unstemmed |
Is Protectionism on the Rise? Assessing National Trade Policies during the Crisis of 2008 |
| title_sort |
is protectionism on the rise? assessing national trade policies during the crisis of 2008 |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100419121819 http://hdl.handle.net/10986/3761 |
| _version_ |
1764388187877146624 |