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Deglobalisation and Protectionism

Trade in goods has slowed markedly since the global financial crisis (GFC), but there is no deglobalisation: most countries have seen increased international integration across nearly all goods, services and factor markets. Despite some dramatic instances, protectionism has largely been kept at bay and trade in goods remains quite free, perhaps freer than it was before the GFC. The proliferation and deepening of free trade agreements have contributed to this outcome.

date:  17/11/2022

Keywords: global trade, trade in goods, protectionism, globalisation, free trade agreements

Publisher: Bruegel -- Working paper - issue 18/2022 
Publication date: Nov 2022
Language: EN

Read the publication in EN