Protectionism, state discrimination, and international business since the onset of the Global Financial Crisis

Evenett, Simon J.

doi:10.1057/s42214-019-00021-0

Cited by 158 publications

(131 citation statements)

References 29 publications

(24 reference statements)

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“…The impact of renewed protectionism Protectionism, as expressed in governments' measures to discriminate against foreign commercial interests through trade policies, is not a new phenomenon, and has been observed over the years through periods of crises and economic downturns (Evenett, 2019). Yet, the issue of protectionism is gaining renewed relevance today, especially in light of Brexit, President Trump's foreign policies, and associated trade tensions and the wide-spread backlash against globalization.…”

Section: Gvc Impact On Macro-environmentmentioning

confidence: 99%

“…The impact of renewed protectionism is not directly addressed in our sample, likely because it will take some time to materialize, and the patterns and outcomes of GVCs' responses are still in a state of flux. Further, available data on the impact of protectionism are presently limited (Evenett, 2019). That being said, the potential impact of various expressions of the renewed protectionism, such as Brexit and Trumpism, on GVC governance is a major avenue for future research, with significant implications for academics, practitioners, and regulators.…”

Section: Gvc Impact On Macro-environmentmentioning

confidence: 99%

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Global value chains: A review of the multi-disciplinary literature

2020

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This article reviews the rapidly growing domain of global value chain (GVC) research by analyzing several highly cited conceptual frameworks and then appraising GVC studies published in such disciplines as international business, general management, supply chain management, operations management, economic geography, regional and development studies, and international political economy. Building on GVC conceptual frameworks, we conducted the review based on a comparative institutional perspective that encompasses critical governance issues at the micro-, GVC, and macro-levels. Our results indicate that some of these issues have garnered significantly more scholarly attention than others. We suggest several future research topics such as microfoundations of GVC governance, GVC mapping, learning, impact of lead firm ownership and strategy, dynamics of GVC arrangements, value creation and distribution, financialization, digitization, the impact of renewed protectionism, the impact of GVCs on their macro-environment, and chainlevel performance management.

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Section: Gvc Impact On Macro-environmentmentioning

confidence: 99%

Section: Gvc Impact On Macro-environmentmentioning

confidence: 99%

Global value chains: A review of the multi-disciplinary literature

2020

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“…A vital and precious feature of GTA is that it provides evaluation of each intervention that follows into three categories: red (the interventions that almost certainly discriminate against foreign commercial interests), amber (the interventions likely involve discrimination against foreign commercial interests) and green (the interventions that liberalize trade or improve the transparency of a relevant policy) (GTA, 2020). Although decision whether instrument shall be treated as a harmful one or liberalizing "is one of the attractive features of this initiative" (Evenett, 2019) the evaluation states clearly the character of trade instruments used.…”

Section: Measuring Protectionism Of the Eu Member States: Methodsologymentioning

confidence: 99%

Protectionism in International Trade: The Case of the European Union Member States

Piekutowska¹,

Marcinkiewicz²

2020

ERSJ

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Purpose: The aim of the paper is to present an original concept of measuring the degree of protectionism (DP) by constructing a synthetic measure of DP on the basis of the Technique for Order Preference by Similarity to the Ideal Solution (TOPSIS). Owing to application of TOPSIS method, another goal was achieved in ranking and classifying EU member states in terms of degree of protectionism. Design/Methodology/Approach: In the study of TOPSIS method, which is a multi-criteria decision-making method that allowed to measure the degree of protectionism, EU member states were investigated. Findings: The results reveal that EU countries were not strongly diversified as regards to DP level (with some exception of Germany and The Netherlands). Furthermore, no EU member states can be qualified as purely liberal nor fully protectionist. The results of the study referring to top protectionist countries reveal some similarities to the results of other classifications based on different methodology. Practical implications: The outcomes of the study might be used by decision-makers in terms of commercial policy, both at the EU institutional level as well as outside this framework-by EU trade partners. Ranking might also serve as an instrument for boosting commercial policy and practices promoting further trade liberalization. Originality/Value: Although there are plenty of papers on protectionism, so far there is no universally accepted method of measuring the phenomenon. Furthermore, the majority of studies focus on tariffs only or selected trade instruments, what brings the risk of underestimation of degree of protectionism, as countries use plenty of different measures in this respect. Thus, in our paper a new approach was proposed. The application of TOPSIS method with data extracted from Global Trade Alert that provides comprehensive list of all diverse trade policy interventions. The paper contains an original authors' concept of measuring DP, which might be also applied to comparisons of EU member states with other countries, thus the paper will contribute to the development of literature.

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“…Bordo (2017) notes widespread changes in the world economy: a decrease in the volume of foreign trade and foreign investment, withdrawal of GVC, an increase in regulation, but he concludes that it is a break in the process of global integration, not the end of the process. In contrast, Jacoby 2018and Evenett (2019) analyze the current trend of mass trade protectionism, which they consider to be a symptom of serious disturbances in the international economic system and the beginning of deglobalization. Ramo (2004) thinks that the nature of globalization is changing with China taking the leading position in the world economy.…”

Section: Literature Reviewmentioning

confidence: 99%

China and Deglobalization of the World Economy

Stanojević¹,

Zakić²

2020

Preprint

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This paper analyses the causes of the downward trend in three key cohesion aspects of the world economy: international trade, foreign investment and global value chains. The paper finds that causes of these trends are not cyclical, but structural, that is, the process of deglobalization of the international market and transformation of the very foundations of the international economic system is underway. The specific aim of the paper is to investigate the impact of current trends on China's economy. The question is whether the Chinese economy, which has developed due to globalization processes, will be negatively affected by reverse processes and to what extent. The empirical analysis reveals very strong dependence of the Chinese economy on international economic trends. In spite of new development strategy which includes separation of the Chinese economy from disturbing external effects, most of current deglobalization trends have strong negative effects.

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Protectionism, state discrimination, and international business since the onset of the Global Financial Crisis

Cited by 158 publications

References 29 publications

Global value chains: A review of the multi-disciplinary literature

Global value chains: A review of the multi-disciplinary literature

Protectionism in International Trade: The Case of the European Union Member States

China and Deglobalization of the World Economy

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