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Is Protectionism on the Rise ? [electronic resource] Assessing National Trade Policies During the Crisis of 2008 Nicita, Alessandro

Author/Creator:
Nicita, Alessandro
Publication:
Washington, D.C., The World Bank, 2010
Format/Description:
Government document
Book
1 online resource
Series:
Policy research working papers.
World Bank e-Library.
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Other Title:
World Bank working papers.
System Details:
Mode of access: World Wide Web.
Summary:
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 3 billion during the crisis period, it explains less than 2 percent of the collapse in world trade.
Notes:
Description based on print version record.
Contributor:
Kee, Hiau Looi
Neagu, Cristina
Nicita, Alessandro
World Bank.
Other format:
Print version: Nicita, Alessandro. Is Protectionism on the Rise ?
Publisher Number:
10.1596/1813-9450-5274
Access Restriction:
Restricted for use by site license.