Developing Countries, New Trade Barriers, and the Global Economic Crisis

MANAGING OPENNESS: TRADE AND OUTWARD-ORIENTED GROWTH AFTER THE CRISIS, pp. 63-83, Mona Haddad, Ben Shepherd, eds., The World Bank, Washington, D.C., 2011

48 Pages Posted: 2 Aug 2011

See all articles by Chad P. Bown

Chad P. Bown

Peterson Institute for International Economics

Hiau Looi Kee

World Bank - Development Research Group (DECRG)

Date Written: April 1, 2011

Abstract

This chapter identifies a number of stylized facts regarding the evolving pattern of import protection associated with the global economic crisis of 2008-2009, with a special focus on developing countries. While the major G-20 member economies of the international trading system largely refrained from using protectionist instruments that had been used during earlier eras of crisis - such as across-the-board increases in applied tariffs and the imposition of new quantitative restrictions - much of the new protectionism came in the form of potentially WTO-consistent use of temporary trade barriers such as antidumping, countervailing duties, and safeguards. Nevertheless, the incidence of new trade barriers that did take place during the crisis was developing economy-centric in nature: it was disproportionately imposed by developing economies on developing economy exporters with the potential to impact much South-South trade. Finally, the chapter explores policy implications for developing countries in the post-global economic crisis, rules-based trading system.

Keywords: Global economic crisis, protectionism, developing countries, temporary trade barriers, antidumping, countervailing duties, safeguards, OTRI, MA-OTRI

JEL Classification: F13

Suggested Citation

Bown, Chad P. and Kee, Hiau Looi, Developing Countries, New Trade Barriers, and the Global Economic Crisis (April 1, 2011). MANAGING OPENNESS: TRADE AND OUTWARD-ORIENTED GROWTH AFTER THE CRISIS, pp. 63-83, Mona Haddad, Ben Shepherd, eds., The World Bank, Washington, D.C., 2011, Available at SSRN: https://ssrn.com/abstract=1898646

Chad P. Bown (Contact Author)

Peterson Institute for International Economics ( email )

1750 Massachusetts Avenue, NW
Washington, DC 20036
United States

Hiau Looi Kee

World Bank - Development Research Group (DECRG) ( email )

1818 H. Street, N.W.
MSN3-311
Washington, DC 20433
United States
202-473-4155 (Phone)
202-522-1159 (Fax)

HOME PAGE: http://econ.worldbank.org/staff/hkee

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