BILATERALISM IN THE INTERWAR WORLD ECONOMY*

In: Bulletin of economic research, Band 47, Heft 3, S. 197-219

Abstract

ABSTRACTDiscriminatory protectionist policies in the 1930s are assumed to have led to a collapse of multilateral trading patterns. This paper examines the trends in bilateralism during the interwar period for a sample of ten countries. The findings show that, with the exception of Germany between 1934 and 1938, the level of bilateralism fluctuated but did not see a significant trend increase in the period of increased protectionism during the 1930s.