摘要：AbstractBased on the experience of the Great Depression, when barriers to trade rose precipitously in a beggar-thy-neighbour trade war, a similar spate of increases was forecast by some as the global economy descended into the biggest economic downturn since the 1930s in the wake of the financial crisis of 2007. The evidence to date, however, shows no major swing to protectionist trade policy by governments in the world's major trading nations. In this paper, we assess the importance of trade policy in crises management and resolution and we investigate the main reasons for the absence of protectionist policies in the wake of the latest financial crisis.
