Trade Protectionism in an Uncertain and Interconnected Global Economy

Trade Protectionism in an Uncertain and Interconnected Global Economy explores how increased global trade interconnectivity has become a channel for new forms of trade protectionism, particularly impacting the developing world. It argues that the mechanisms that fueled trade liberalization under the WTO can also become channels for protectionism. The book offers a road map for commercial policy reforms to revive world markets after global economic crises.

Format: Hardback
Length: 190 pages
Publication date: 29 September 2023
Publisher: Taylor & Francis Ltd

Trade Protectionism in an Uncertain and Interconnected Global Economy is a comprehensive exploration of the political economy of trade policy, spanning nearly five years of research. The book argues that in the context of an uncertain and interconnected global economy, the mechanisms that have facilitated trade liberalization under the World Trade Organization (WTO) can also serve as channels for protectionism, particularly through less observable non-tariff or murkier measures.

Countries have responded to protectionism in different ways, impacting bilateral relations. The author delves into why and how increased global trade interconnectivity has given rise to new forms of trade protectionism, particularly its impact on developing countries. These counterintuitive dynamics represent the latest wave in the literature on trade interdependence.

Previous research on trade policy has primarily focused on one aspect of the effects of an interconnected global economy: the notion that increased political and economic linkages among countries lead to reduced tensions across borders. This causal claim has held steady for many decades from a trade policy perspective.

This book bridges academic analysis with trade policymaking, providing a roadmap for commercial policy reforms necessary for the successful revival of world markets following global economic crises, such as the COVID-19 pandemic. It will appeal to postgraduates, researchers, and academics interested in international political economy, comparative political economy, development, business, and Latin American trade policy dynamics. Additionally, it will be of interest to policymakers and practitioners seeking to navigate the complex dynamics of trade in an uncertain global environment.

Weight: 530g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032374789