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Managed Exports and the Recovery of World Trade - The 7th GTA Report (Paperback, New)
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Managed Exports and the Recovery of World Trade - The 7th GTA Report (Paperback, New)
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The Seventh Report of Global Trade Alert, drawing upon over 1200
investigations of state measures, reveals that while 2010 has seen
a substantial recovery in world trade, governments have continued
to discriminate against foreign commercial interests. Moreover,
recovery does not seem to have affected the rate at which
governments resort to protectionist measures. One reaction to this
finding is to argue that the discrimination cannot be that
significant if world trade is recovering so quickly. This Report
shows that such a reaction overlooks the fact that many of the
largest trading nations have implemented export promotion schemes
over the past 12-18 months and that the rebound in world trade has
been underwritten by subsidies, cheap access to credit, and tax
rebates and exemptions for exporters. These findings highlight that
contemporary discrimination against foreign commercial interests
need not be commerce-reducing, like the across-the-board tariff
increases of the 1930s. The composition of contemporary
protectionism is very different from its counterpart in the Great
Depression. This Report also has a regional focus on developments
in Latin America. Governments in this region have differed markedly
in their resort to protectionism and several country studies shed
light on the factors responsible. Detailed reports of each nation's
resort to protectionism and the harm done by the protectionism of
others will further facilitate comparisons within the region.
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