What Can Be Learned from Crisis-Era Protectionism? An Initial Assessment

Abstract

Drawing upon a comprehensive database of contemporary protectionism, this paper offers an initial assessment of the extent to which our understanding of protectionism may have to evolve. While some long-standing features of protectionism appear to have endured (such as the distribution of discriminatory measures across economic sectors), specific corporate needs arising from the global financial crisis and particular national attributes are more likely to have influenced the choice of beggar-thy-neighbor policy instruments than binding trade rules and other international accords.

Keywords: Discrimination, Economic Crisis, Protectionism

JEL Classification: F02, F13, F59