Simon J. Evenett University of St. Gallen, Switzerland BEGGAR THY POOR NEIGHBOUR: EVIDENCE FROM THE...
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Simon J. Evenett University of St. Gallen, Switzerland BEGGAR THY POOR NEIGHBOUR: EVIDENCE FROM THE GLOBAL TRADE ALERT 1
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Transcript of Simon J. Evenett University of St. Gallen, Switzerland BEGGAR THY POOR NEIGHBOUR: EVIDENCE FROM THE...
Simon J. Evenett
University of St. Gallen, Switzerland
BEGGAR THY POOR NEIGHBOUR:
EVIDENCE FROM THE GLOBAL TRADE ALERT
1
The goal of this presentation is to provide the latest information on the incidence of protectionism to lower per-capita income developing countries.
Raise awareness about protectionism; name-and-shame; encourage policy dialogue and unwinding of protectionism.
Contents of this presentation:Global context: lower world trade growth since crisis hit. Incidence of protectionism harming LDCs and LMICs.Effects of protectionism.Recommendations for action.
PURPOSE AND CONTENTS OF THIS PRESENTATION
2
Simon J. Evenett
University of St. Gallen, Switzerland
GLOBAL CONTEXT
3
WORLD TRADE DYNAMICS HAVE ALTERED SHARPLY SINCE THE CRISIS
4
Average trade elasticities have fallen by more for developing countries
Data source: World Development Indicators.
PROTECTIONISM RETURNS TO 2009 LEVELS
5
Num
ber
of
new
beggar-
thy-n
eig
hbou
r m
easu
res
imple
mente
d w
orl
dw
ide in a
giv
en y
ear
Warning: Raw data—
no correction
for reporting lags
Source: Global Trade Alert
THE PICTURE IS WORSE IF REPORTING LAGS ARE TAKEN INTO ACCOUNT
6Glo
bal to
tal of
new
beggar-
thy-n
eig
hbour
measu
res
found b
y 1
Oct
ober
(today)
in e
ach
year
Remember 2009 was the
year that policymakers were alarmed
about protectionism!
Source: Global Trade Alert
GTA’S EXPANDED COVERAGE IN THE PAST YEAR CASTS THE G20’S TRACK
RECORD IN A WORSE LIGHT
7
Num
ber
of
new
beggar-
thy-n
eig
hbou
r m
easu
res
imple
mente
d b
y t
he G
20 in
a g
iven y
ear
In the past year the
GTA team has found 49% more
instances of G20
protectionism for 2009-
12
Simon J. Evenett
University of St. Gallen, Switzerland
INCIDENCE OF PROTECTIONISM ON LDC AND
LOWER MIDDLE INCOME COUNTRIES
8
LOWER INCOME COUNTRIES DIDN’T ESCAPE CRISIS-ERA PROTECTIONISM
9
THE 10 MOST COMMON FORMS OF PROTECTIONISM HARMING…
10
LDCs LMICs
WHICH WTO MEMBERS ARE RESPONSIBLE? THE TOP 10…
11
Countries ranked by number of hits to LDC commercial interests
Simon J. Evenett
University of St. Gallen, Switzerland
WHAT NEXT?
12
STEPS TO SUPPORT UNWINDING PROTECTIONISM
13
