The Trade Weapon
How Weaponizing Trade Threatens Growth, Public Health and the Climate
1. Auflage November 2023
224 Seiten, Softcover
Sachbuch
Kurzbeschreibung
Prompted by geo-strategic rivalry and the war in Ukraine, COVID-19 and the climate transition, trade policy is increasingly being weaponized. This trend towards protectionist capture and retaliation is self-sabotaging and bad for growth. But there is another way.
In this hard hitting book, Ken Heydon offers alternatives to the trade weapon: the need for diplomatic carrots to accompany the sanctions stick; for resilience in supply chains, not self sufficiency through ill-advised reshoring and friendshoring; for multilateral, WTO, remedies to rule breaking, not unilateral penalties in the name of national sovereignty; and for direct action on environment and public health goals, not the blunt tool of trade restriction.
But to restrain the damaging subordination of trade policy to other ends governments must address the discontents of trade and do better at helping losers, adjusting to technological change and making the case for open markets. At stake are three decades of income gains from globalisation and the ability to deal effectively with the climate transition and the next pandemic.
Weitere Versionen
Prompted by geo-strategic rivalry and the war in Ukraine, COVID-19 and the climate transition, trade policy is increasingly being weaponized. This trend towards protectionist capture and retaliation is self-sabotaging and bad for growth. But there is another way.
In this hard hitting book, Ken Heydon offers alternatives to the trade weapon: the need for diplomatic carrots to accompany the sanctions stick; for resilience in supply chains, not self sufficiency through ill-advised reshoring and friendshoring; for multilateral, WTO, remedies to rule breaking, not unilateral penalties in the name of national sovereignty; and for direct action on environment and public health goals, not the blunt tool of trade restriction.
But to restrain the damaging subordination of trade policy to other ends governments must address the discontents of trade and do better at helping losers, adjusting to technological change and making the case for open markets. At stake are three decades of income gains from globalisation and the ability to deal effectively with the climate transition and the next pandemic.
List of Tables, Figure and Boxes
Acknowledgements
Preface
Introduction: Free Trade: Winners and Losers
1. Sanctioning Aggression
2. Arming the Global Value Chain
3. Trade Self-Defence
4. Battling for the Greater Good
5. Arms Control: Restraining the Use of the Trade Weapon
References
Notes
Marc Froese, Burman University
"The Trade Weapon forcefully argues against the increasing use of trade policy as a tool of first choice. This accessible and topical book will be important reading for policy makers, businesses and anyone interested in the future of trade."
Peter A.G. van Bergeijk, Erasmus University
