1945

Recent developments in trade policies

Recent trends in trade policies have been characterized by an increasing resort to selectivity and the persistence of protectionism in developed market-economy countries and by the embrace of trade liberalization in a large number of developing countries as well as in Central and Eastern Europe. The differences in the evolution of trade regimes are unmistakable and at the same time unique in historical terms. Therefore, as one observer put it, "for the first time in economic history the impetus to trade liberalization is not coming from industrial countries which profess to accept liberal norms, but rather from countries whose past tradition has been to reject them".

Related Subject(s): International Trade and Finance
/content/books/9789210602945s004-c003
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