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1948-2018: From the Free-Trade Vision to Protectionist Attitudes

Nicola Acocella (nicola.acocella@uniroma1.it)

Economia Internazionale / International Economics, 2019, vol. 72, issue 4, 367-392

Abstract: From the well-tempered liberism which found its expression in the international organisations established at the end of WW II we have moved to an exacerbate liberism and it may be that the diffusion of populism and protectionism is the product, certainly, excessive, of that exacerbate liberism. Political commentators and historians attribute the election of Donald Trump and his economic policy to the economic crisis begun in 2007-8, which was born rightly from such exacerbate liberism. The populistic waves that afflict Europe, herald of similar closures, can have similar foundations.If the world will stop in the path leading to commercial wars and closures of frontiers and will be able to reconstruct the season that led to the tempered liberism, is something desirable, but at present difficult to forecast.

Date: 2019
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Chapter: 1948–2018: From the Free-Trade Vision to Protectionist Attitudes (2020)
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