How Much Neoprotectionism is There in Contemporary World Trade?

Pawlak Karolina ()
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Pawlak Karolina: Poznan University of Life Sciences, Faculty of Economics, Wojska Polskiego St. 28, 60-637 Poznań, Poland

Central European Economic Journal, 2024, vol. 11, issue 58, 21-32

Abstract: Negative effects of globalisation and liberalisation of trade are countered using protectionist measures. Contemporary protectionism, typically termed neoprotectionism, is put into practice using a wide variety of non-tariff instruments, with a considerably lesser degree of transparency compared to tariffs, which are more difficult to identify and measure. The aim of this paper is to determine the dynamics of protection, as well as the category and geographical structure for the use of trade policy instruments in the world goods trade in the years 2010–2022. The study was based on source materials from the Global Trade Alert (GTA) and the United Nations Conference on Trade and Development (UNCTAD). The conducted analyses showed that interventions taken in the world goods trade in the years 2010–2022 were primarily trade restrictions executed using non-tariff measures. In terms of its geographical distribution the relatively greatest scope of protectionism observed was for the trade policy of China and the USA. In terms of the product category, the sale of agricultural produce was protected the most. The realised model of protectionism differed depending on the group of products being traded, the standard of economic development of the country implementing trade policy measures, its export specialisation and the degree of self-sufficiency. The protectionist character of the trade policy was also enhanced during economic crises.

Keywords: trade protection; non-tariff measures to trade; harmful policy instruments; liberalising policy instruments; trade in goods (search for similar items in EconPapers)
JEL-codes: F13 F14 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ceuecj:v:11:y:2024:i:58:p:21-32:n:3

DOI: 10.2478/ceej-2024-0003

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