Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/269464 
Year of Publication: 
2016
Series/Report no.: 
FERDI Working Paper No. P183
Publisher: 
Fondation pour les études et recherches sur le développement international (FERDI), Clermont-Ferrand
Abstract: 
IntroductionAfter close to 70 years of trade liberalization, a series of recent events suggests that the tide may well be turning. International trade as a proportion of global gross domestic product (GDP) has stopped growing in the last decade, in what Constantinescu et al. (2015) dub the 'Great Trade Slowdown'. Momentum for trade liberalization at the multilateral level has stumbled on the Doha round's failure, with limited hopes for revival. Even regional trade agreements, sometimes seen as alternatives to multilateral liberalization, are under heavy attack by politicians of all strides in the United States, traditionally the bulwark of free trade. Last but not least, while the 2008–2009 global financial crisis did not lead to the explosion of protectionism feared by many, the use of temporary trade measures by emerging countries has been markedly rising (Didier et al., 2016). .../...
Document Type: 
Working Paper

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