Journal Article

Crisis-era protectionism and the multilateral governance of trade: an assessment

Simon J. Evenett and David Vines

in Oxford Review of Economic Policy

Published on behalf of The Oxford Review of Economic Policy Ltd

Volume 28, issue 2, pages 195-210
Published in print January 2012 | ISSN: 0266-903X
Published online June 2012 | e-ISSN: 1460-2121 | DOI: http://dx.doi.org/10.1093/oxrep/grs019
Crisis-era protectionism and the multilateral governance of trade: an assessment

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  • International Relations and International Political Economy
  • International Economics
  • Macroeconomic Aspects of International Trade and Finance
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This paper examines the multilateral governance of trade along with the prospects for its meaningful reform, in the light of recent, crisis-era discrimination against the many types of cross-border commerce. Prior episodes of protectionism provide a useful benchmark. The findings are not optimistic. The current set of multilateral rules is incomplete, has weak incentives for compliance, and can be readily circumvented. Only a far-reaching revision of these rules could induce more restraint.

Keywords: protectionism; discrimination; multilateralism; global economic crisis; F02; F33; F40; F53

Journal Article.  8609 words. 

Subjects: International Relations and International Political Economy ; International Economics ; Macroeconomic Aspects of International Trade and Finance ; International Finance

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