Broken promises : a G-20 summit; report by Global Trade Alert

Date

2009

Authors

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Publisher

Centre for Economic Policy Research (CEPR), London, GB

Abstract

Global Trade Alert (GTA) provides information on state interventions during the global downturn (2008) that affect foreign commerce. It identifies the trading partners likely to be harmed by these measures. GTA has investigated 425 state initiatives by an independent team of trade policy analysts. The overwhelming picture is one of planned and implemented initiatives that reduce foreign commercial opportunities and reverse the 25-year trend towards open borders. The GTA team estimates that worldwide the number of discriminatory measures being implemented outnumbers the liberalizing measures by five to one. The book details these findings relative to G20 members' pledge to eschew protectionism.

Description

Keywords

GLOBAL TRADING SYSTEM, FOREIGN TRADE POLICY, GLOBALIZATION, INTERNATIONAL ECONOMY, PROTECTIONISM, G20, FINANCIAL MARKET, ECONOMIC CRISIS, COMPETITIVENESS, ECONOMIC REFORM, GLOBAL

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