Liberalization and protectionism in international trade

Authors

  • Vladimir Petrovich Obolensky The Institute of Economics, RAS

Keywords:

Liberalization, regional trade agreements, protectionism, import duties

Abstract

The article deals with the process of liberalization of international trade during the past six and a half decades. It is stated that steady movement toward more “open and fair trade” under the auspices of the General Agreement on Tariff s and Trade (GATT), which continued for almost half a century, became slower and practically stopped aft er the establishment of the WTO. The article pays attention to the fact that at present international trade is governed by the principles, rules and regulations laid down in the Uruguay round of multilateral trade negotiations. It is outlined that new regulations are now mostly laid within the framework of regional trade agreements, the number of which is rapidly growing.

Author Biography

Vladimir Petrovich Obolensky, The Institute of Economics, RAS

Doctor of Economic Sciences, Professor
Place of work, post: The Institute of Economics, RAS, Center of the Institute of foreign trade activities - Head; Russian Foreign Trade Academy, Department of International Trade and Foreign Trade of RF, Professor

Published

2024-02-08

How to Cite

Obolensky, V. P. (2024). Liberalization and protectionism in international trade. Russian Foreign Economic Journal, (3), 3–19. Retrieved from https://journal.vavt.ru/rfej/article/view/1264

Issue

Section

World economy