Emerging Economies and the Emergence of South-South Protectionism

Emerging Economies and the Emergence of South-South Protectionism

Do exports resume when import-restricting temporary trade barriers such as antidumping are finally removed? To establish the importance of this question for emerging economies, this paper uses newly available data from the World Bank's Tempora...

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Bibliographic Details
Main Author: Bown, Chad P.
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2012
Subjects:
ANTIDUMPING
ANTIDUMPING ACTIONS
ANTIDUMPING CASES
ANTIDUMPING DUTIES
ANTIDUMPING DUTY
ANTIDUMPING POLICY
BARRIER
BENCHMARK
BILATERAL IMPORTS
BILATERAL TRADE
CHECKS
CONSUMER PRICE INDEX
DEFLATORS
DEVELOPMENT POLICY
DOMESTIC INDUSTRIES
DUMPING
ECONOMIC CRISIS
ECONOMIC OUTLOOK
ECONOMIC TRENDS
EMERGING ECONOMIES
EMERGING ECONOMY
EMERGING MARKET
EMERGING MARKETS
EXCHANGE RATE
EXCHANGE RATE FLUCTUATIONS
EXPORT GROWTH
EXPORT MARKET
EXPORT MARKET SHARE
EXPORT MARKETS
EXPORT SALES
EXPORT SHARE
EXPORT SHARES
EXPORT VOLUMES
EXPORTER
EXPORTERS
EXPORTS
FINANCIAL CRISIS
FIXED COSTS
FOREIGN MARKET
FUTURE RESEARCH
GDP
GLOBAL ECONOMY
GOVERNMENT POLICY
GROWTH RATE
IMPORT DATA
IMPORT MARKETS
IMPORT PRODUCT
IMPORT PRODUCTS
IMPORT PROTECTION
IMPORT RESTRICTION
IMPORT RESTRICTIONS
IMPORT STATISTICS
IMPORT TARIFFS
IMPORT VALUES
INCOME
INCOME TRADING
INDUSTRIAL COUNTRIES
INSTRUMENT
INTERNATIONAL BANK
INTERNATIONAL ECONOMICS
LIBERALIZATION
MACROECONOMIC SHOCKS
MARKET ACCESS
MARKET SHARE
MARKET SHARES
MONETARY FUND
MULTILATERAL DISCIPLINES
POLICY RESPONSE
PROTECTIONISM
RECESSION
TEMPORAL TRADE
TRADE AGREEMENTS
TRADE BARRIER
TRADE BARRIERS
TRADE DATA
TRADE DEFLECTION
TRADE EFFECTS
TRADE FLOWS
TRADE POLICIES
TRADE POLICY
TRADE PROTECTION
TRADING
TRADING SYSTEM
VALUE OF IMPORTS
WORLD ECONOMY
WORLD TRADE
WORLD TRADE ORGANIZATION
WORLD TRADING SYSTEM
WTO
Online Access:http://documents.worldbank.org/curated/en/2012/08/16592674/emerging-economies-emergence-south-south-protectionism
http://hdl.handle.net/10986/12003
Description
Summary:Do exports resume when import-restricting temporary trade barriers such as antidumping are finally removed? To establish the importance of this question for emerging economies, this paper uses newly available data from the World Bank's Temporary Trade Barriers Database to update a number of inter-temporal indicators of import protection along three dimensions: additional time coverage through 2011, additional policy-imposing country coverage, and a more comprehensive depiction of impacted trading partner coverage. It then turns to the emerging economy exporters affected by temporary trade barriers and highlights the economic significance of frequently bilateral import restrictions imposed by other emerging economies, i.e., South-South protectionism. Finally, it then investigates empirically whether country-level exports resume when the previously imposed -- but temporary -- import protection is finally removed. China's exporters respond quickly and aggressively to the market access opening embodied in the removal of such import restrictions. This differs markedly from the slow and tepid export response of other emerging economies, especially when the import protection had been imposed by another emerging economy trading partner. This evidence suggests a previously unidentified long-run cost associated with such South-South protectionism that merits further research and inquiry.

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