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Is Protectionism on the Rise? Assessing National Trade Policies during the Crisis of 2008

Author

Listed:
  • Hiau Looi Kee

    (World Bank)

  • Cristina Neagu

    (World Bank)

  • Alessandro Nicita

    (U.N. Conference on Trade and Development)

Abstract

This paper quantifies trade policy changes and the associated trade impacts for about 100 countries between 2008 and 2009. Results show that there has been no widespread increase in protectionism. Only a few countries, including Russia, Argentina, Turkey, and China, have increased tariffs on major imported products. The United States and the EU, by contrast, rely mainly on antidumping duties to shield domestic industries. Overall, while the rise in tariffs and antidumping duties may have jointly caused global trade to drop by US$43 billion, it explains less than 2% of the collapse in world trade during the crisis period. © 2013 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.

Suggested Citation

  • Hiau Looi Kee & Cristina Neagu & Alessandro Nicita, 2013. "Is Protectionism on the Rise? Assessing National Trade Policies during the Crisis of 2008," The Review of Economics and Statistics, MIT Press, vol. 95(1), pages 342-346, March.
    • Handle: RePEc:tpr:restat:v:95:y:2013:i:1:p:342-346
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    Keywords

    trade restrictiveness index; crisis; antidumping duties; protectionism;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • G01 - Financial Economics - - General - - - Financial Crises

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