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The Collapse of Global Trade, Murky Protectionism and the Crisis

Trade was a side issue when G20 leaders met last November. When they meet in April 2009, trade must move to centre stage.

Trade is experiencing a sudden, severe and globally synchronised collapse. Protectionist forces have already emerged, and as the recession gets worse, they will strengthen. The protection, however, is not 1930s-style tariffs. It is murky protectionism - seemingly benign, crisis-linked policies that are twisted to favour domestic firms, workers, and investors. A negative feedback between recession and protectionism is no longer an historical reminiscence of the 1930s; it is a possible - hopefully low probability - scenario in the months and years to come.

In this eBook, leading trade policy practitioners and experts � including Australian Trade Minister Simon Crean and former Mexican President Ernesto Zedillo - put forth several concrete proposals for April's London Summit. These steps would let G20 leaders get out in front of the crisis and reduce the chance that an avalanche of murky protectionism could hinder the global recovery.

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Evenett, S and R Baldwin (eds) (2009), ‘The Collapse of Global Trade, Murky Protectionism and the Crisis‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/collapse-global-trade-murky-protectionism-and-crisis

Citation

Evenett, S and R Baldwin (2009), ‘Introduction and recommendations for the G20‘, in Evenett, S and R Baldwin (eds), The Collapse of Global Trade, Murky Protectionism and the Crisis, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/collapse-global-trade-murky-protectionism-and-crisis

Citation

Newfarmer, R and E Gamberoni (2009), ‘Trade protection: incipient but worrisome trends‘, in Evenett, S and R Baldwin (eds), The Collapse of Global Trade, Murky Protectionism and the Crisis, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/collapse-global-trade-murky-protectionism-and-crisis

Citation

Crean, S (2009), ‘Protectionism and the global economic crisis – the role of trade in the response‘, in Evenett, S and R Baldwin (eds), The Collapse of Global Trade, Murky Protectionism and the Crisis, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/collapse-global-trade-murky-protectionism-and-crisis

Citation

Zedillo, E (2009), ‘The multilateral trading system: a response to its challengers‘, in Evenett, S and R Baldwin (eds), The Collapse of Global Trade, Murky Protectionism and the Crisis, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/collapse-global-trade-murky-protectionism-and-crisis

Citation

Moreno, L (2009), ‘Keeping borders open: why is it important for Latin America and what can the region do about it?‘, in Evenett, S and R Baldwin (eds), The Collapse of Global Trade, Murky Protectionism and the Crisis, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/collapse-global-trade-murky-protectionism-and-crisis

Citation

Fung, V (2009), ‘Jobs, global trade and the perils of protectionism: the imperative of restoring confidence‘, in Evenett, S and R Baldwin (eds), The Collapse of Global Trade, Murky Protectionism and the Crisis, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/collapse-global-trade-murky-protectionism-and-crisis

Citation

Soesastro, H (2009), ‘East Asia must share Obama’s leadership to keep trade open‘, in Evenett, S and R Baldwin (eds), The Collapse of Global Trade, Murky Protectionism and the Crisis, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/collapse-global-trade-murky-protectionism-and-crisis

Citation

Krueger, A (2009), ‘Protectionism and the crisis‘, in Evenett, S and R Baldwin (eds), The Collapse of Global Trade, Murky Protectionism and the Crisis, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/collapse-global-trade-murky-protectionism-and-crisis

Citation

Bhagwati, J (2009), ‘The Lithium President: fight protectionism with more passion‘, in Evenett, S and R Baldwin (eds), The Collapse of Global Trade, Murky Protectionism and the Crisis, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/collapse-global-trade-murky-protectionism-and-crisis

Citation

Yi, K (2009), ‘The collapse of global trade: the role of vertical specialisation‘, in Evenett, S and R Baldwin (eds), The Collapse of Global Trade, Murky Protectionism and the Crisis, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/collapse-global-trade-murky-protectionism-and-crisis

Citation

Bown, C (2009), ‘Protectionism is on the rise: antidumping investigations‘, in Evenett, S and R Baldwin (eds), The Collapse of Global Trade, Murky Protectionism and the Crisis, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/collapse-global-trade-murky-protectionism-and-crisis

Citation

Kandiero, T, L Ndikumana and A Kamara (2009), ‘Commodities, export subsidies, and African trade during the slump‘, in Evenett, S and R Baldwin (eds), The Collapse of Global Trade, Murky Protectionism and the Crisis, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/collapse-global-trade-murky-protectionism-and-crisis

Citation

Stoler, A and P Gallagher (2009), ‘G20 surveillance of harmful trade measures‘, in Evenett, S and R Baldwin (eds), The Collapse of Global Trade, Murky Protectionism and the Crisis, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/collapse-global-trade-murky-protectionism-and-crisis

Citation

Trejos, A, S Tangermann, A Nassar, G Long, S Evenett and B Dhar (2009), ‘Disavowing protectionism: a strengthened G20 standstill and surveillance‘, in Evenett, S and R Baldwin (eds), The Collapse of Global Trade, Murky Protectionism and the Crisis, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/collapse-global-trade-murky-protectionism-and-crisis

Citation

Auboin, M (2009), ‘Restoring trade finance: what the G20 can do‘, in Evenett, S and R Baldwin (eds), The Collapse of Global Trade, Murky Protectionism and the Crisis, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/collapse-global-trade-murky-protectionism-and-crisis

Citation

Jenny, F and S Evenett (2009), ‘Bailouts: how to discourage a subsidies war‘, in Evenett, S and R Baldwin (eds), The Collapse of Global Trade, Murky Protectionism and the Crisis, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/collapse-global-trade-murky-protectionism-and-crisis

Citation

Yukins, C and S Schooner (2009), ‘Public procurement: focus on people, value for money and systemic integrity, not protectionsim‘, in Evenett, S and R Baldwin (eds), The Collapse of Global Trade, Murky Protectionism and the Crisis, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/collapse-global-trade-murky-protectionism-and-crisis

Citation

Whalley, J and S Evenett (2009), ‘Resist green protectionism – or pay the price at Copenhagen‘, in Evenett, S and R Baldwin (eds), The Collapse of Global Trade, Murky Protectionism and the Crisis, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/collapse-global-trade-murky-protectionism-and-crisis

Citation

McLinden, G (2009), ‘Keep the trade flowing by cutting red tape‘, in Evenett, S and R Baldwin (eds), The Collapse of Global Trade, Murky Protectionism and the Crisis, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/collapse-global-trade-murky-protectionism-and-crisis

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