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Understanding the challenges to the world trading system

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Abstract

This paper discusses the challenges to the world trading system presented by the Brexit vote in the UK and the election of Trump in the U.S. It reviews two recent books and several papers that inform our understanding of these issues.

Suggested Citation

  • Crowley, M., 2018. "Understanding the challenges to the world trading system," Cambridge Working Papers in Economics 1825, Faculty of Economics, University of Cambridge.
    • Handle: RePEc:cam:camdae:1825
    Note: mc865
    as

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    File URL: http://www.econ.cam.ac.uk/research-files/repec/cam/pdf/cwpe1825.pdf
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    References listed on IDEAS

    as
    1. Bown, Chad P. & Crowley, Meredith A., 2014. "Emerging economies, trade policy, and macroeconomic shocks," Journal of Development Economics, Elsevier, vol. 111(C), pages 261-273.
    2. Chad P. Bown & Meredith A. Crowley, 2013. "Self-Enforcing Trade Agreements: Evidence from Time-Varying Trade Policy," American Economic Review, American Economic Association, vol. 103(2), pages 1071-1090, April.
    3. Douglas A. Irwin, 2015. "Free Trade under Fire Fourth edition," Economics Books, Princeton University Press, edition 4, number 10486.
    4. David H. Autor & David Dorn & Gordon H. Hanson, 2013. "The China Syndrome: Local Labor Market Effects of Import Competition in the United States," American Economic Review, American Economic Association, vol. 103(6), pages 2121-2168, October.
    5. Bown, Chad P. & Crowley, Meredith A., 2013. "Import protection, business cycles, and exchange rates: Evidence from the Great Recession," Journal of International Economics, Elsevier, vol. 90(1), pages 50-64.
    6. Justin R. Pierce & Peter K. Schott, 2016. "The Surprisingly Swift Decline of US Manufacturing Employment," American Economic Review, American Economic Association, vol. 106(7), pages 1632-1662, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    World Trade Organization; trade agreements; world trading system; trade policy;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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