Protectionism and Free Trade in Modern World

458
DOI: 10.20542/0131-2227-2013-12-14-23

V. Obolenskii, Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO RAN), 23 Profsoyuznaya Str., Moscow, 117997, Russian Federation (vobolenskiy@mail.ru).

Abstract. In the second part of XX century the world saw a steady strengthening and consolidation of liberalization trend in trade policies of many nations. This helped to establish the GATT in 1947 and, later on as a result of Uruguay round of multilateral trade negotiations (1986-1994), the new international economic institution - the WTO. However, the pace and scale of multilateral liberalization do not satisfy the participants of international trade. This triggers a widespread drive for concluding bilateral, regional and then transcontinental agreements on economic cooperation. The article is devoted to an in-depths analysis of the contradictions that arise between the WTO and regional trade agreements, as well as to the available ways of their reconciliation.

Keywords: protectionism, “competitive liberalization”, WTO, Doha round of negotiations, regional trade agreements, import duties


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For citation:
Obolenskiy V. Protectionism and Free Trade in Modern World. World Eonomy and International Relations, 2013, No 12, pp. 14-23. https://doi.org/10.20542/0131-2227-2013-12-14-23



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