A Historical Overview of the 21st-Century Protectionism: How Did We Arrive at This Point?

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dialnet-ar-18-ART00014842922021-10-16A Historical Overview of the 21st-Century Protectionism: How Did We Arrive at This Point?Albertoni, Nicolas D.ProtectionismMultilateralismTrade AgreementsCOVID-19 pandemicproteccionismomultilateralismoacuerdos comercialespandemia de COVID-19The main goal of this paper is to situate current trade policy debates in a proper historical context by analyzing the main trade policy milestones of the 21st-century. It does not attempt to offer an extensive historical overview of trade policy, which has been done masterfully by other scholars, but to analyze the events that have led to a stagnation of the multilateral trade system and rising protectionism. This paper begins with the winding road of trade liberalization since World War II, briefly tracing how we arrived from the early stages of the Bretton Wood System to the current moment of stagnation of the multilateral system and rising protectionism. It then turns to four key events to understand the current new reality: China’s accession to the World Trade Organization (WTO) in 2001, the Global Financial Crisis (GFC) of 2008 to 2009, the trade war between the United States and China, and the effects of the COVID-19 pandemic in trade policy dynamics. It concludes with some final comments on the relevance of understanding current trade debates from a historical perspective.El objetivo principal de este artículo es situar los debates actuales sobre política comercial en un contexto histórico adecuado mediante el análisis de los principales hitos de la política comercial del siglo XXI. No pretende ofrecer un panorama histórico extenso de la política comercial, hecho magistralmente por otros académicos, sino analizar los eventos que han llevado al estancamiento del sistema multilateral de comercio y al creciente proteccionismo. El artículo comienza con el sinuoso camino de la liberalización comercial desde la Segunda Guerra Mundial, y describe brevemente cómo llegamos desde las primeras etapas del Sistema Bretton Wood hasta el momento actual de estancamiento del sistema multilateral y creciente proteccionismo. Luego pasa a cuatro eventos clave para comprender la nueva realidad actual: la adhesión de China a la Organización Mundial del Comercio (OMC) en 2001, la Crisis Financiera Global (GFC) de 2008 a 2009, la guerra comercial entre Estados Unidos y China, y los efectos de la pandemia de COVID-19 en la dinámica de la política comercial. Concluye con algunos comentarios finales sobre la relevancia de comprender los debates comerciales actuales desde una perspectiva histórica.2021text (article)application/pdfhttps://dialnet.unirioja.es/servlet/oaiart?codigo=8090975(Revista) ISSN 0719-9368Latin American Journal of Trade Policy, ISSN 0719-9368, Vol. 4, Nº. 10, 2021 (Ejemplar dedicado a: LAJTP Vol 4 N° 10 (2021)), pags. 5-23engLICENCIA DE USO: Los documentos a texto completo incluidos en Dialnet son de acceso libre y propiedad de sus autores y/o editores. Por tanto, cualquier acto de reproducción, distribución, comunicación pública y/o transformación total o parcial requiere el consentimiento expreso y escrito de aquéllos. Cualquier enlace al texto completo de estos documentos deberá hacerse a través de la URL oficial de éstos en Dialnet. Más información: https://dialnet.unirioja.es/info/derechosOAI | INTELLECTUAL PROPERTY RIGHTS STATEMENT: Full text documents hosted by Dialnet are protected by copyright and/or related rights. This digital object is accessible without charge, but its use is subject to the licensing conditions set by its authors or editors. Unless expressly stated otherwise in the licensing conditions, you are free to linking, browsing, printing and making a copy for your own personal purposes. All other acts of reproduction and communication to the public are subject to the licensing conditions expressed by editors and authors and require consent from them. Any link to this document should be made using its official URL in Dialnet. More info: https://dialnet.unirioja.es/info/derechosOAI

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Latin American Journal of Trade Policy, ISSN 0719-9368, Vol. 4, Nº. 10, 2021 (Ejemplar dedicado a: LAJTP Vol 4 N° 10 (2021)), pags. 5-23

English

Protectionism
Multilateralism
Trade Agreements
COVID-19 pandemic
proteccionismo
multilateralismo
acuerdos comerciales
pandemia de COVID-19

Protectionism
Multilateralism
Trade Agreements
COVID-19 pandemic
proteccionismo
multilateralismo
acuerdos comerciales
pandemia de COVID-19
Albertoni, Nicolas D.
A Historical Overview of the 21st-Century Protectionism: How Did We Arrive at This Point?

The main goal of this paper is to situate current trade policy debates in a proper historical context by analyzing the main trade policy milestones of the 21st-century. It does not attempt to offer an extensive historical overview of trade policy, which has been done masterfully by other scholars, but to analyze the events that have led to a stagnation of the multilateral trade system and rising protectionism. This paper begins with the winding road of trade liberalization since World War II, briefly tracing how we arrived from the early stages of the Bretton Wood System to the current moment of stagnation of the multilateral system and rising protectionism. It then turns to four key events to understand the current new reality: China’s accession to the World Trade Organization (WTO) in 2001, the Global Financial Crisis (GFC) of 2008 to 2009, the trade war between the United States and China, and the effects of the COVID-19 pandemic in trade policy dynamics. It concludes with some final comments on the relevance of understanding current trade debates from a historical perspective.

Article

Albertoni, Nicolas D.

Albertoni, Nicolas D.

Albertoni, Nicolas D.

A Historical Overview of the 21st-Century Protectionism: How Did We Arrive at This Point?

A Historical Overview of the 21st-Century Protectionism: How Did We Arrive at This Point?

A Historical Overview of the 21st-Century Protectionism: How Did We Arrive at This Point?

A Historical Overview of the 21st-Century Protectionism: How Did We Arrive at This Point?

A Historical Overview of the 21st-Century Protectionism: How Did We Arrive at This Point?

historical overview of the 21st-century protectionism: how did we arrive at this point?

2021

https://dialnet.unirioja.es/servlet/oaiart?codigo=8090975

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