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CIAO DATE: 12/5/2006
After Doha: II. Is globalisation history?
Mark Thirlwell
December 2006
Abstract
In this Lowy Institute Analysis Mark Thirlwell asks whether the collapse of the Doha Round of trade negotiations marks the beginning of the end for globalisation. Several observers have warned of the dangers of a resurgent protectionism, drawing in particular on the historical example provided by the collapse of an earlier globalisation episode. A review of globalisation, nineteenth century style, suggests that such concerns are overdone. Nevertheless, the historical record confirms that globalisation does create significant adjustment pressures, highlighting the importance of a fully functioning multilateral trading system. This paper is a companion piece to After Doha: I. The search for Plan B.
