New eBook: COVID-19 and Trade Policy: Why Turning Inward Won't Work
The growing trend towards export restrictions on food and medical supplies – and the spectre of across-the-board protectionism – will not help today’s fight against Covid-19 and the ensuing economic crisis. Indeed, not only are such policies short-sighted and ineffective, but they are also violations of basic humanitarian principles.
These are the central messages of a new eBook published today by the Centre for Economic Policy Research (CEPR). The Ebook, which includes a foreword by Gordon Brown, is the latest in a series of volumes bringing together the insights of leading economists on the economics of the global health emergency.
In COVID-19 and Trade Policy: Why Turning Inward Won't Work, co-editors Richard Baldwin and Simon Evenett explain that national trade barriers in a world of internationalised manufacturing processes will make it harder for every country to produce vital medical supplies.