Determinants of Trade Policy Responses to the 2008 Financial Crisis

The collapse in trade and contraction of output that occurred during 2008-09 was comparable to, and in many countries more severe than, the Great Depression of 1930, but did not give rise to the rampant protectionism that followed the Great Crash....

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Bibliographic Details
Main Authors:	Gawande, Kishore, Hoekman, Bernard, Cui, Yue
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	AGRICULTURAL PRODUCTS AGRICULTURE ANTI-DUMPING INVESTIGATIONS ANTIDUMPING ANTIDUMPING DUTIES APPLIED TARIFF AVERAGE TARIFF BARRIERS TO TRADE BILATERAL IMPORTS BILATERAL TARIFF BILATERAL TARIFFS BILATERAL TRADE BILATERAL TRADE DATA COMMERCIAL POLICY COMPARATIVE ADVANTAGE COMPETITIVE POSITION COMPETITIVENESS CONSTANT RETURNS TO SCALE CONSUMERS COUNTRY OF ORIGIN CURRENCY CURRENCY APPRECIATION CURRENT ACCOUNT CUSTOMS CUSTOMS UNIONS DEBT DEMAND ELASTICITIES DEMAND ELASTICITY DEMOCRATIC SOCIETIES DEVALUATION DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT POLICY DISPUTE SETTLEMENT DOMESTIC CONSUMERS DOMESTIC INDUSTRIES DOMESTIC MARKET DOMESTIC PRODUCERS DOMESTIC PRODUCTION DOMESTIC SUPPLIERS ECONOMETRIC MODELS ECONOMIC OBJECTIVES ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC THEORY ELASTICITY OF TRADE EMERGING MARKET EXCHANGE RATES EXPORT COSTS EXPORT CREDIT EXPORT CREDIT INSURANCE EXPORT MARKETS EXPORT SUPPLY EXPORTERS EXPORTS EXTERNALITY FINAL GOODS FINANCIAL CRISIS FIXED COSTS FOREIGN COUNTRIES FOREIGN DIRECT INVESTMENT FOREIGN FIRM FOREIGN FIRMS FOREIGN MARKET FOREIGN PRODUCERS FOREIGN PRODUCTS FREE TRADE FREE TRADE AGREEMENT FREE-TRADE AGREEMENTS FUTURE RESEARCH GDP GLOBAL TRADE GLOBAL TRADING GLOBALIZATION GROSS EXPORTS GROSS OUTPUT HIGH TARIFFS HOME COUNTRY HOME GOVERNMENT HOME GOVERNMENTS HOME TARIFFS HUMAN CAPITAL IMPERFECT COMPETITION IMPORT PENETRATION IMPORT PROTECTION IMPORT QUOTAS INCREASING RETURNS INDUSTRIAL POLICY INDUSTRIAL PRODUCTION INDUSTRY TRADE INPUT-OUTPUT TABLES INTERMEDIATE GOODS INTERMEDIATE INPUTS INTERNATIONAL ECONOMICS INTERNATIONAL RULES INTERNATIONAL TRADE INVESTOR CONFIDENCE LEVEL OF PROTECTION LIBERALIZATION OF TRADE LIQUIDITY LIQUIDITY CONSTRAINTS LOBBYING LOW INTEREST RATES MACROECONOMIC POLICIES MARKET ACCESS MEMBER COUNTRIES MEMBER GOVERNMENTS MERCANTILISM MONETARY POLICIES MONETARY POLICY MONOPOLISTIC COMPETITION MONOPOLY MULTILATERAL LIBERALIZATION MULTILATERAL NEGOTIATION MULTILATERAL TRADE MULTINATIONAL CORPORATIONS MULTINATIONAL FIRMS NATIONAL BUREAU NATIONAL TREATMENT OPEN MARKETS OPEN TRADE OPTIMAL TARIFF OPTIMAL TARIFFS PATTERN OF TRADE PERFECT COMPETITION POLICY RESPONSES POLITICAL ECONOMY PREFERENTIAL RATE PREFERENTIAL RATES PREFERENTIAL TARIFF PREFERENTIAL TARIFFS PREFERENTIAL TRADE PREFERENTIAL TRADE AGREEMENT PREFERENTIAL TRADE AGREEMENTS PRICE COMPETITION PRICE OF IMPORTS PRODUCTION INCREASES PROTECTION DATA PROTECTION FOR SALE PROTECTIONISM PROTECTIONIST PROTECTIONIST PRESSURES REAL EXCHANGE RATE RECIPROCITY REGIONAL TRADE REGIONAL TRADE AGREEMENTS REGULATORY POLICIES RISK PREMIUM RULES OF NEGOTIATION SAFEGUARD ACTIONS SAFEGUARD MEASURES SPECIALIZATION SPECIFIC COMMITMENTS TARIFF BINDINGS TARIFF COMMITMENTS TARIFF DATA TARIFF EQUIVALENT TARIFF INCREASE TARIFF INCREASES TARIFF LEVELS TARIFF LINES TARIFF ON IMPORTS TARIFF POLICIES TARIFF POLICY TARIFF PREFERENCES TARIFF PROTECTION TARIFF RATE TARIFF RATES TARIFF REVENUE TARIFF STRUCTURE TERMS OF TRADE TRADE AGREEMENTS TRADE ALERT TRADE BARRIERS TRADE CONCESSIONS TRADE COOPERATION TRADE COSTS TRADE DISTORTIONS TRADE EFFECTS TRADE EXTERNALITIES TRADE FLOWS TRADE MODELS TRADE POLICIES TRADE POLICY TRADE POLICY INSTRUMENTS TRADE POLICY REVIEW TRADE POLICY REVIEW MECHANISM TRADE REFORMS TRADE RELATIONSHIPS TRADE RESTRICTIONS TRADE ROUNDS TRADE VOLUMES TRADE WARS TRADING PARTNERS TRANSPORT COSTS UNEMPLOYMENT UNEMPLOYMENT RATES UNILATERAL LIBERALIZATION URUGUAY ROUND VALUE ADDED VALUE OF TRADE VERTICAL SPECIALIZATION WELFARE GAINS WORLD TRADE WORLD TRADE ORGANIZATION WORLD TRADING SYSTEM WTO ZERO TARIFFS ZERO TARIFFS
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111031093440 http://hdl.handle.net/10986/3628