TY - UNPB
T1 - The New Protectionism and the Future of the Global Trading System
AU - Jensen, Camilla
PY - 2023/10/28
Y1 - 2023/10/28
N2 - A new protectionism has emerged that is often strategic, offensive and value-based compared to more ordinary forms of protectionism such as punitive tariffs or anti-dumping duties. The success of the WTO-led system may indirectly have caused the current shift towards subsidies. Arguments for using protectionism are value-based or idiosyncratic, rather than centred on solving common international problems in trade (i.e. market failures, provision of public goods and the combat of illicit forms of trade). While the new protectionism may not have had tangible results yet, the long-term consequences for production location can be profound. WTO compatibility of the new protectionism is often placed in question. But current actor strategies before the WTO (such as inactivity, disruption and diversion) shows that more than compatibility is at stake.
AB - A new protectionism has emerged that is often strategic, offensive and value-based compared to more ordinary forms of protectionism such as punitive tariffs or anti-dumping duties. The success of the WTO-led system may indirectly have caused the current shift towards subsidies. Arguments for using protectionism are value-based or idiosyncratic, rather than centred on solving common international problems in trade (i.e. market failures, provision of public goods and the combat of illicit forms of trade). While the new protectionism may not have had tangible results yet, the long-term consequences for production location can be profound. WTO compatibility of the new protectionism is often placed in question. But current actor strategies before the WTO (such as inactivity, disruption and diversion) shows that more than compatibility is at stake.
KW - Trade Policy
KW - Event Data
KW - Tariffs
KW - Subsidies
KW - World Trade Organisation
KW - International Collaboration
KW - Trade Policy
KW - Event Data
KW - Tariffs
KW - Subsidies
KW - World Trade Organisation
KW - International Collaboration
UR - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4588293
U2 - 10.2139/ssrn.4588293
DO - 10.2139/ssrn.4588293
M3 - Working paper
BT - The New Protectionism and the Future of the Global Trading System
PB - SSRN
CY - Rochester, NY
ER -