Contribution

The Threats of Protectionism in Deep Crises

Kieler Beiträge zur Wirtschaftspolitik, 26; June 2020

  • During deep crisis the temptation to enact protectionist measures is especially strong.
  • Protectionist measures are hard to draw back once installed.
  • Therefore, it is crucial withstand the temptation of protectionism and to defend the open rules-based order of international trade with all strength.