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World Affairs Online
"Populism and Trade traces the role of populist trade policy in the increase of global protectionism and the erosion of international trade institutions. Populist anti-trade rhetoric played a major part in U.S. President Donald Trump's 2016 election campaign, in which he portrayed current trade agreements as elitist measures to undermine U.S. manufacturing jobs, economic security, and the interests of the American people. Upon taking office he proceeded to implement trade restrictions that were unprecedented in the era of GATT-WTO rules. His use of national security criteria for unilateral tariffs on steel and aluminum, and his trade war with China represented an abandonment of WTO trade rules and practices. In the United Kingdom, the 2016 Brexit referendum resulted in a vote to leave the European Union, thereby ending the U.K. trade integration arrangement that had begun in 1973. The referendum campaign drew on U.K. criticism of EU intrusion on U.K. sovereignty in presenting the issue in populist terms of elitist control from Brussels set against the interests of the victimized British people. The book develops a conceptual framework of protectionism that links behavioral factors with perceived external threats and voting behavior based on emotion. It also offers a review of trade policies of other populist governments and an assessment of their economic and institutional cost. A concluding chapter provides recommendations for addressing the populist challenge, focusing on adjustment policies, reforms of global trade institutions, and the need to protect domestic democratic processes."
World Affairs Online
In: Politics and governance, Band 11, Heft 1
ISSN: 2183-2463
This article sets out to identify a constructionist framework for a new and expanded "embedded liberalism" and WTO reforms in the global trading system. Globalization and populism led the Trump administration to attack the WTO system by introducing unilateral protectionist measures and undermining its rules and norms. US populist trade policies have persisted under President Biden. Necessary steps to restore the WTO system include (a) domestic reforms by WTO members to improve economic adjustment, labor mobility, and social safety nets; (b) WTO reforms to allow for additional domestic policy space, new negotiated rules to address contentious issues, and a relaxation of the consensus rule; and (c) US restoration of its commitment to multilateral trade rules. Renewed global leadership will be required to pursue these steps. If the current WTO agreement proves to be incapable of resolving these issues, countries will turn increasingly to the alternative of regional trade agreements, which may be able to re-create the conditions for a return to a rules-based global trading system. Yet populism, anti-globalization pressures, and geopolitical tensions present the danger of a continued unwillingness to cooperate among major countries.
In: The World Economy, Band 42, Heft 10, S. 2900-2923
SSRN
In: Reconstructing the World Trade Organization for the 21st Century, S. 22-50
In: Reconstructing the World Trade Organization for the 21st Century, S. 213-243
In: Reconstructing the World Trade Organization for the 21st Century, S. 82-114
In: Reconstructing the World Trade Organization for the 21st Century, S. 157-186
In: Reconstructing the World Trade Organization for the 21st Century, S. 1-21
In: Reconstructing the World Trade Organization for the 21st Century, S. 187-212
In: Reconstructing the World Trade Organization for the 21st Century, S. 51-81
In: Reconstructing the World Trade Organization for the 21st Century, S. 115-156
In: Progress in development studies, Band 9, Heft 4, S. 349-357
ISSN: 1477-027X
World Trade Organization (WTO) Green Room meetings are small gatherings of representatives from up to 30 member countries, invited by the Director-General. They are designed to provide the basis for a consensus on critical negotiating issues that can be brought to the WTO membership as a whole. Green rooms appear to be a necessary feature of consensus building in such a large organization, but they have been criticized because they tend to favor representation from large and high-income member countries. This paper discusses the impact of the green room on the WTO decision-making process and the possibilities of reform.
In: The American journal of economics and sociology, Band 65, Heft 5, S. 1125-1128
ISSN: 1536-7150