How Much Neoprotectionism is There in Contemporary World Trade?
How Much Neoprotectionism is There in Contemporary World Trade?
Author(s): Katarzyna PawlakSubject(s): Economy, Business Economy / Management, Financial Markets
Published by: Wydawnictwa Uniwersytetu Warszawskiego
Keywords: world trade
Summary/Abstract: Negative effects of globalisation and liberalisation of trade are countered using protectionist measures. Contemporaryprotectionism, typically termed neoprotectionism, is put into practice using a wide variety of non-tariff instruments,with a considerably lesser degree of transparency compared to tariffs, which are more difficult to identify and measure.The aim of this paper is to determine the dynamics of protection, as well as the category and geographical structurefor the use of trade policy instruments in the world goods trade in the years 2010–2022. The study was based on sourcematerials from the Global Trade Alert (GTA) and the United Nations Conference on Trade and Development (UNCTAD).The conducted analyses showed that interventions taken in the world goods trade in the years 2010–2022 were primarilytrade restrictions executed using non-tariff measures. In terms of its geographical distribution the relatively greatestscope of protectionism observed was for the trade policy of China and the USA. In terms of the product category, thesale of agricultural produce was protected the most. The realised model of protectionism differed depending on thegroup of products being traded, the standard of economic development of the country implementing trade policymeasures, its export specialisation and the degree of self-sufficiency. The protectionist character of the trade policywas also enhanced during economic crises.
Journal: Central European Economic Journal
- Issue Year: 11/2024
- Issue No: 58
- Page Range: 21-32
- Page Count: 12
- Language: English