Trade and the Crisis: Protect or Recover (EPub) (PDF Download)

Business & Finance, Economics, Money & Monetary Policy, Macroeconomics
Cover of the book Trade and the Crisis: Protect or Recover (EPub) (PDF Download) by Mika Saito, Christian Henn, Rob Gregory, Bradley Mr. McDonald, INTERNATIONAL MONETARY FUND
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Mika Saito, Christian Henn, Rob Gregory, Bradley Mr. McDonald ISBN: 9781452762432
Publisher: INTERNATIONAL MONETARY FUND Publication: April 16, 2010
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Mika Saito, Christian Henn, Rob Gregory, Bradley Mr. McDonald
ISBN: 9781452762432
Publisher: INTERNATIONAL MONETARY FUND
Publication: April 16, 2010
Imprint: INTERNATIONAL MONETARY FUND
Language: English

The pace of trade reforms waned from the mid-2000s as protectionist sentiment began to increase. With the onset of the global financial crisis, reform progress not only halted but began to reverse. As we show in this note, new trade restrictions have had—in the limited products they targeted—a strong negative impact on trade. The aggregate impact of new restrictions is modest, at about 0.25 percent of global trade, as most countries have resisted a widespread resort to protectionism. Looking ahead, however, in 2010 sustained high unemployment, uneven growth, and an unwinding of government stimulus measures suggest that protectionist pressures may rise. Gaps in World Trade Organization (WTO) commitments leave ample scope to further restrict trade, so unless all countries vigorously resist protectionism this could threaten the economic recovery and drag down future growth. Continuing and further enhancing the monitoring of all protectionist measures and maintaining the high-level political awareness of the associated macroeconomic risks will help. But the surest way to avoid such a downside scenario is to tighten multilateral trade commitments by completing the WTO Doha Round. This can be viewed as a key part of the exit strategy from the global economic crisis.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The pace of trade reforms waned from the mid-2000s as protectionist sentiment began to increase. With the onset of the global financial crisis, reform progress not only halted but began to reverse. As we show in this note, new trade restrictions have had—in the limited products they targeted—a strong negative impact on trade. The aggregate impact of new restrictions is modest, at about 0.25 percent of global trade, as most countries have resisted a widespread resort to protectionism. Looking ahead, however, in 2010 sustained high unemployment, uneven growth, and an unwinding of government stimulus measures suggest that protectionist pressures may rise. Gaps in World Trade Organization (WTO) commitments leave ample scope to further restrict trade, so unless all countries vigorously resist protectionism this could threaten the economic recovery and drag down future growth. Continuing and further enhancing the monitoring of all protectionist measures and maintaining the high-level political awareness of the associated macroeconomic risks will help. But the surest way to avoid such a downside scenario is to tighten multilateral trade commitments by completing the WTO Doha Round. This can be viewed as a key part of the exit strategy from the global economic crisis.

More books from INTERNATIONAL MONETARY FUND

Cover of the book Fiscal Monitor, October 2013: Taxing Times by Mika Saito, Christian Henn, Rob Gregory, Bradley Mr. McDonald
Cover of the book Finance & Development, March 1967 by Mika Saito, Christian Henn, Rob Gregory, Bradley Mr. McDonald
Cover of the book Central Bank Reforms in the Baltics, Russia, and the Other Countries of the Former Soviet Union by Mika Saito, Christian Henn, Rob Gregory, Bradley Mr. McDonald
Cover of the book Evolving Banking Trends in Sub-Saharan Africa by Mika Saito, Christian Henn, Rob Gregory, Bradley Mr. McDonald
Cover of the book Regional Economic Outlook: Asia and Pacific, April 2010 by Mika Saito, Christian Henn, Rob Gregory, Bradley Mr. McDonald
Cover of the book Monetary Issues in the Middle East and North Africa Region: A Policy Implementation Handbook for Central Bankers by Mika Saito, Christian Henn, Rob Gregory, Bradley Mr. McDonald
Cover of the book The Implications of Fund Supported Adjustment Programs for Poverty: Experiences in Selected Countries - Occa Paper 58 by Mika Saito, Christian Henn, Rob Gregory, Bradley Mr. McDonald
Cover of the book Deterring Abuse of the Financial System: Elements of an Emerging International Integrity Standard by Mika Saito, Christian Henn, Rob Gregory, Bradley Mr. McDonald
Cover of the book Handbook on Residential Property Prices (RPPIs) by Mika Saito, Christian Henn, Rob Gregory, Bradley Mr. McDonald
Cover of the book Regional Economic Outlook, April 2016, Sub-Saharan Africa by Mika Saito, Christian Henn, Rob Gregory, Bradley Mr. McDonald
Cover of the book Three Propositions on African Economic Growth by Mika Saito, Christian Henn, Rob Gregory, Bradley Mr. McDonald
Cover of the book Finance & Development, June 2011 by Mika Saito, Christian Henn, Rob Gregory, Bradley Mr. McDonald
Cover of the book Legal Effects of Fluctuating Exchange Rates by Mika Saito, Christian Henn, Rob Gregory, Bradley Mr. McDonald
Cover of the book Estimating the Costs of Financial Regulation (EPub) by Mika Saito, Christian Henn, Rob Gregory, Bradley Mr. McDonald
Cover of the book The Fiscal Dimensions of Adjustment in Low-Income Countries by Mika Saito, Christian Henn, Rob Gregory, Bradley Mr. McDonald
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy