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A global trading system in turmoil: What is at stake for Africa?

In: Africa agriculture trade monitor 2019

Author

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  • Bouët, Antoine
  • Traoré, Fousseini
  • Laborde Debucquet, David

Abstract

The trade war between the United States and China involves the two largest players in the world economy (i.e., the two countries with the largest GDPs, and the largest exporters and importers). Consequently, increasing trade tensions between these two giants are a major stake and it is expected that these tensions will negatively affect third countries through spillover effects. Trade tensions may also become even more important and may potentially concern other players in the world economy. This is why the global trading system appears to be today in turmoil.

Suggested Citation

  • Bouët, Antoine & Traoré, Fousseini & Laborde Debucquet, David, 2019. "A global trading system in turmoil: What is at stake for Africa?," IFPRI book chapters, in: Africa agriculture trade monitor 2019, chapter 5, pages aatm109-1, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:ifpric:9780896296909_05
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    References listed on IDEAS

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    1. Antoine Bouët & David Laborde & Fousseini Traoré, 2018. "The European Union–West Africa Economic Partnership Agreement: Small impact and new questions," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 27(1), pages 25-53, January.
    2. Redding, Stephen & Amiti, Mary & Weinstein, David, 2019. "The impact of the 2018 trade war on U.S. prices and welfare," LSE Research Online Documents on Economics 102619, London School of Economics and Political Science, LSE Library.
    3. Bown, Chad, 2019. "The 2018 US-China Trade Conflict After 40 Years of Special Protection," CEPR Discussion Papers 13695, C.E.P.R. Discussion Papers.
    4. Pablo D Fajgelbaum & Pinelopi K Goldberg & Patrick J Kennedy & Amit K Khandelwal, 2020. "The Return to Protectionism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(1), pages 1-55.
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