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The Great Recession and Import Protection - The Role of Temporary Trade Barriers (Paperback, New)
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The Great Recession and Import Protection - The Role of Temporary Trade Barriers (Paperback, New)
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"Why didn't the global economic crisis of 2008-9 lead to a massive
outbreak of protectionism? Chad P. Bown and his associates perform
the great service of taking a very close look at trade policies
around the globe to identify where trade barriers crept up and
where they didn't. This book will be required reading for anyone
interested in understanding why the world trading system survived
the shock so well. At the same time, it reinforces the importance
of careful monitoring of country trade policies." Douglas A. Irwin,
Robert E. Maxwell '23 Professor, Department of Economics, Dartmouth
College "With the onset of the Great Recession, the world trading
system faced a defining moment. How has it performed? Answers to
this question will be debated for years, but this timely volume
takes a critical first systematic step in advancing our
understanding of how countries did - and did not - respond to
economic collapse with import restrictions. The editor has brought
together a world-class team of empirical trade researchers to
explore this question for eleven major developed and developing
countries, and the result is a collection of studies rich in detail
and subtle in implication that will help shape the research agenda
on trade policy for years to come. This is a mustread volume for
anyone interested in the world economy, researchers and
policy-makers alike." Robert W. Staiger, Holbrook Working
Professor, Department of Economics, Stanford University "The years
2008 and 2009 witnessed a financial crisis, but not a trade crisis
and a protectionist tsunami, in sharp contrast to the 1930s. Why
such a resilience of the world trade regime? This book focuses on
the contribution of 'temporary trade barriers' (antidumping,
antisubsidy and safeguard measures) to such a resilience. It covers
eleven of the largest economies, relies on a massive effort to have
the best data available and provides a subtle mix of economic and
legal analyses. It is definitively a must for everybody who wants
to understand our troubled times." Patrick A. Messerlin, Professor
of Economics, Groupe d'Economie Mondiale at Sciences Po
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