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Populism and Trade - The Challenge to the Global Trading System (Hardcover)
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Populism and Trade - The Challenge to the Global Trading System (Hardcover)
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Around the world, populism has weaponized anxieties over
globalization and other forms of cultural, social, and economic
change. Many populist leaders have succeeded in conflating trade
concerns with apprehensions over immigration, thereby creating
potent campaigns to overturn existing trade agreements and the
multilateral cooperation they embody. In the United States, avowed
protectionist Donald Trump set out not only to raise tariffs, but
to dismantle the system of global trade embodied in the World Trade
Organization. In the UK, the Brexit referendum resulted in that
country's withdrawal from the European Union, ending its commitment
to trade integration with the continent. Populism and Trade
explores the impact of populist regimes on protectionism and the
damage they have inflicted on global trade and trade policy
institutions. Focusing on the disruption caused by the Trump
administration and the Brexit referendum, the book traces the
influence of populism on trade policy today. Kent Jones shows how
these methods will continue to damage global cooperation-something
that is essential when faced with international crises like a
deadly pandemic-until the sources of populist anger can be
addressed. He argues that economic and institutional reforms, along
with better education and adjustment policies, will be necessary to
break the populist fever. In an age of global populism, open trade
policy has become a victim of anti-globalization and economic
nationalism. Populism and Trade traces the impact of these divisive
political tactics to explain the fragile nature of global trade
institutions and the steps needed to save them.
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