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Crisis-era protectionism and the multilateral governance of trade: An assessment

Evenett, Simon J; Vines, David


This paper examines the multilateral governance of trade along with the prospects for its meaningful reform, in the light of recent, crisis-era discrimination against the many types of cross-border commerce. Prior episodes of protectionism provide a useful benchmark. The findings are not optimistic. The current set of multilateral rules is incomplete, has weak incentives for compliance, and can be readily circumvented. Only a far-reaching revision of these rules could induce more restraint.

CollectionsANU Research Publications
Date published: 2012
Type: Journal article
Source: Oxford Review of Economic Policy
DOI: 10.1093/oxrep/grs019


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