THE GROUNDS OF PROTECTIONISM IN INTERNATIONAL TRADE IN THE 21st CENTURY IN THE CONTEXT OF MULTILATERAL TRADE NEGOTIATIONS
Date Issued
2021-11-13
Author(s)
Agnieszka Piekutowska
DOI
http://doi.org/10.47063/EBTSF.2021.0020
Abstract
As the importance of tariffs diminishes, to avoid underestimation, analysis of the dynamics of protectionism implies the use of more complex data. Hence, this research explores the Global Trade Alert database, which covers a wide range of measures used by countries within trade policy. Once the dynamics of protectionism in trade is presented, the analysis of its grounds might be undertaken to answer the question: what are the reasons for high levels of protectionist tendencies in the 21st century? Is this a post-crisis repercussion only? Or is the failure of multilateral negotiations under the auspices of the WTO which, in turn, makes space for increased levels of protectionism? While many analyses highlight the indisputable impact of the crisis on the growing protectionist tendencies in the 21st century, it has been over ten years since the crisis, which requires a search for alternate or additional premises. The hypothesis was therefore adopted that the failure of multilateral negotiations within the Doha Round may make space for increased protectionism in the 21st century. Taking into consideration all of the negative consequences of protectionism, the analysis of its causes has a justification. Successful treatment requires a diagnosis of the sources of the problem; only once these are identified can an appropriate action be undertaken. The main conclusion from the research is that because of the diversification within the WTO, the multilateral liberalization agenda has been limited. Hence, “next generation” issues are addressed elsewhere, like within regional trade agreements, which, as a result, became very popular after 2001. However, RTAs should not be perceived as an alternative to liberalization under the auspices of the WTO, as they are not free from protectionist tendencies.
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