21. Is Protectionism Dying?
- Author:
- Uri Dadush, Shimelse Ali, and Rachel Odell
- Publication Date:
- 05-2011
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- Despite a limited increase in the incidence of protectionist measures during the recent financial and economic crisis, the effects on global trade appear small—the world, remarkably, did not resort to protectionism. In addition to the concerted stimulus measures, financial rescues, and the strengthening of lender-of-last-resort facilities that restricted the duration and depth of the economic downturn, the World Trade Organization's disciplines, enforceable through its dispute settlement mechanism, no doubt played an important role in staving off trade protection.
- Political Geography:
- United States and Germany