Crisis-era protectionism and the multilateral governance of trade: An assessment

Simon J Evenett, David Vines

    Research output: Contribution to journalArticle

    Abstract

    This paper examines the multilateral governance of trade along with the prospects for its meaningful reform, in the light of recent, crisis-era discrimination against the many types of cross-border commerce. Prior episodes of protectionism provide a useful benchmark. The findings are not optimistic. The current set of multilateral rules is incomplete, has weak incentives for compliance, and can be readily circumvented. Only a far-reaching revision of these rules could induce more restraint.
    Original languageEnglish
    Pages (from-to)195-210
    JournalOxford Review of Economic Policy
    Volume28
    Issue number2
    DOIs
    Publication statusPublished - 2012

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