Trade promotion in Asia: Issues and emerging trends

The US-European financial meltdown and resultant global recession of 2008–2009 have many implications for global trade as worldwide production and flows of goods have slumped in both developed and developing countries. When confronted by such conditions, it is relatively easy to forget that trade promotion has been essential to the successful advancement of many developing economies in recent decades. As protectionist pressures mount and people begin losing faith in globalization (Stevenson 2009), policymakers should remember those benchmarking cases and sound theories that have supported the opening of global trade thus far.

Related Subject(s): Democracy and Governance