Populism and Trade: The Challenge to the Global Trading System

Populism and Trade: The Challenge to the Global Trading System

by Kent Jones
Populism and Trade: The Challenge to the Global Trading System

Populism and Trade: The Challenge to the Global Trading System

by Kent Jones

eBook

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Overview

Around the world, populism has weaponized anxieties over globalization and other forms of cultural, social, and economic change. Many populist leaders have succeeded in conflating trade concerns with apprehensions over immigration, thereby creating potent campaigns to overturn existing trade agreements and the multilateral cooperation they embody. In the United States, avowed protectionist Donald Trump set out not only to raise tariffs, but to dismantle the system of global trade embodied in the World Trade Organization. In the UK, the Brexit referendum resulted in that country's withdrawal from the European Union, ending its commitment to trade integration with the continent. Populism and Trade explores the impact of populist regimes on protectionism and the damage they have inflicted on global trade and trade policy institutions. Focusing on the disruption caused by the Trump administration and the Brexit referendum, the book traces the influence of populism on trade policy today. Kent Jones shows how these methods will continue to damage global cooperation--something that is essential when faced with international crises like a deadly pandemic--until the sources of populist anger can be addressed. He argues that economic and institutional reforms, along with better education and adjustment policies, will be necessary to break the populist fever. In an age of global populism, open trade policy has become a victim of anti-globalization and economic nationalism. Populism and Trade traces the impact of these divisive political tactics to explain the fragile nature of global trade institutions and the steps needed to save them.

Product Details

ISBN-13: 9780190086374
Publisher: Oxford University Press
Publication date: 07/16/2021
Sold by: Barnes & Noble
Format: eBook
Pages: 320
File size: 1 MB

About the Author

Kent Jones is Professor of Economics and a Babson Research Scholar at Babson College. Jones has also held positions as an economist at the U.S. International Trade Commission and as a senior staff economist at the U.S. Department of State. His research interests include international trade policy and the World Trade Organization. Jones is the author of numerous books and articles on trade policy, including Who's Afraid of the WTO? (2004), The Doha Blues: Institutional Crisis and Reform in the WTO (2010), and Reconstructing the WTO for the 21st Century (2015).

Table of Contents

Preface and Acknowledgements Chapter 1: Trade and the Roots of Disaffection Chapter 2: Trade as a Source of Populist Conflict Chapter 3. Emotional Flashpoints of Populism and Trade Chapter 4. Populism, Trade, and Trump's Path to Victory Chapter 5. Trump's Assault on the Global Trading System Chapter 6. Brexit and the Crisis of European Integration Chapter 7. Populism and Trade Around the World Chapter 8. Assessing the Cost of Populism to Global Trade Chapter 9: The Future Belongs to Globalized Societies Bibliography
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