[EQ] The collapse of global trade, murky protectionism, and the crisis: Recommendations for the G20

The collapse of global trade, murky protectionism, and the crisis:
Recommendations for the G20

 

Edited by Richard Baldwin and Simon Evenett
Graduate Institute, Geneva and CEPR; University of St. Gallen and CEPR

UK Centre for Economic Policy Research CEPR 2009

 

Available online as PDf file [115p.] at: http://www.graduateinstitute.ch/webdav/site/iheid/shared/iheid/31/Murky_Protectionism.pdf

 

“…..When G20 leaders met last November in Washington, trade was a side issue; urgent efforts focused on stabilising financial systems and kick-starting economies. When leaders meet at the London Summit in April 2009, trade must move to centre stage.

Trade is experiencing a sudden, severe and globally synchronised collapse (see Figure 1). Protectionist forces have already emerged and will strengthen as the recession gets worse. But this is not 1930s-style protection. Governments’ crisis-fighting measures have spawned new, murkier forms of protection which discriminate against foreign firms, workers and investors – often in subtle ways. The use of WTO-legal protection, such as antidumping measures, is also up sharply….”

 

Contents

 

Foreword

Introduction and recommendations for the G20  

PART I: CAPSTONE ESSAYS

1. Protectionism and the global economic crisis . the role of trade in the response  Simon Crean

2. The multilateral trading system: a response to its challengers  Ernesto Zedillo

3. Keeping borders open: why is it important for Latin America and what can the region do about it?  Luis Alberto Moreno

4. Jobs, global trade and the perils of protectionism: the imperative of restoring confidence  Victor K. Fung

5. What can the G20 do on trade that can benefit Africa?  African Development Bank Secretariat

6. East Asia must share Obama.s leadership to keep trade open  Hadi Soesastro

7. Protectionism and the crisis  Anne Krueger

8. The Lithium President: fight protectionism with more passion  Jagdish Bhagwati

 

PART II: IN-DEPTH ANALYSES AND PROPOSALS

9.   The collapse of global trade: the role of vertical specialisation  Kei-Mu Yi

10. Trade protection: incipient but worrisome trends  Elisa Gamberoni and Richard Newfarmer

11. Protectionism is on the rise: antidumping investigations  Chad P. Bown

12. Commodities, export subsidies, and African trade during the slump  Tonia Kandiero, Abdul Kamara and Léonce Ndikumana

13. G20 surveillance of harmful trade measures  Peter Gallagher and Andrew L. Stoler

14. Disavowing protectionism: a strengthened G20 standstill and surveillance

     Biswajit Dhar, Simon Evenett, Guoqiang Long, Andre Meloni Nassar, Stefan Tangermann and Alberto Trejos

15. Restoring trade finance: what the G20 can do  Marc Auboin

16. Bailouts: how to discourage a subsidies war  Simon J. Evenett and Frédéric Jenny

17. Public procurement: focus on people, value for money and systemic integrity, not protectionsim

     Steven L. Schooner and Christoper R. Yukins

18. Resist green protectionism . or pay the price at Copenhagen  Simon J. Evenett and John Whalley

19. Keep the trade flowing by cutting red tape  Gerard McLinden

 

Related material:

VoxEU ebook
What world leaders should do to halt the spread of protectionism at http://www.voxeu.org/index.php?q=node/2651  published December 2008 and launched at meetings in Geneva and London December meeting (at http://www.cepr.org/membership/meetings/2403 ).

 

 

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