Why didn’t the global economic crisis of 2008-9 lead to a
massive outbreak of protectionism? Chad P. Bown and his associates
perform the great service of taking a very close look at trade policies
around the globe to identify where trade barriers crept up and where
they didn’t. This book will be required reading for anyone
interested in understanding why the world trading system survived the
shock so well. At the same time, it reinforces the importance of
careful monitoring of country trade policies.
--Douglas A. Irwin, Robert E. Maxwell 23 Professor,
Department of Economics, Dartmouth College
With the onset of the Great Recession, the world trading system
faced a defining moment. How has it performed? Answers to this question
will be debated for years, but this timely volume takes a critical
first systematic step in advancing our understanding of how countries
did and did not respond to economic collapse with import restrictions.
The editor has brought together a world-class team of empirical trade
researchers to explore this question for eleven major developed and
developing countries, and the result is a collection of studies rich in
detail and subtle in implication that will help shape the research
agenda on trade policy for years to come. This is a must read volume
for anyone interested in the world economy, researchers and
policy-makers alike.
--Robert W. Staiger, Holbrook Working Professor,
Department of Economics, Stanford University
The years 2008 and 2009 witnessed a financial crisis, but not a
trade crisis and a protectionist tsunami, in sharp contrast to the
1930s. Why such a resilience of the world trade regime? This book
focuses on the contribution of temporary trade barriers (antidumping,
antisubsidy and safeguard measures) to such a resilience. It covers
eleven of the largest economies, relies on a massive effort to have the
best data available and provides a subtle mix of economic and legal
analyses. It is definitively a must for everybody who wants to
understand our troubled times.
--Patrick A. Messerlin, Professor of Economics, Groupe
d'Economie Mondiale at Sciences Po
Related Links
|
Browse:
