The recent resurgence in protection is driven by objectives that vary across countries and sectors. Classifying interventions by objective can help evaluate the effectiveness and efficiency of the chosen instrument. Three broad concerns dominate: that trade is regressive, risky, or rivalrous. Correspondingly, observed measures are presented as remedying inequality, risk, or imbalances in market access. Given the current depth of global interdependence, protection either fails to achieve its intended goals, or does so at significant cost and with unintended negative consequences. The goals prompting protection are in most cases better achieved through increased, not reduced, international openness and cooperation.

On January 17, 2024, the Center for China and Globalization (CCG) invited Aaditya Mattoo, Chief Economist for the East Asia and Pacific region at the World Bank, and CCG Deputy Director Mike Liu to jointly analyze the origins, impacts, and solutions of the new trade protectionism. The discussion aimed to explore how countries should respond to the current economic situation.

Language:

English

Time:

17 January, 14:00-15:00

Broadcast time:

18 January, 14:00-15:00

Baidu live:

https://live.baidu.com/m/media/pclive/pchome/live.html?room_id=8913703739&source=h5pre

Agenda

13:30 Registration

14:00-14:10 Opening Remarks

14:10-14:40 Presentation: The new protectionism: Origins, implications and remedies

Speaker: Aaditya Mattoo, Chief Economist of the East Asia and Pacific Region of the World Bank

14:40-15:00 Dialogue

Mike Liu, Vice President & Senior Fellow of CCG

Aaditya Mattoo, Chief Economist of the East Asia and Pacific Region of the World Bank