El riesgo del proteccionismo comercial turbio en una economía global interconectada e incierta

Autores/as

Resumen

Este artículo no trata sobre el libre comercio ni sobre el protec­cionismo. Se trata del punto donde los dos pueden converger. Un aspecto distintivo del aumento del proteccionismo durante la última década es que se produce en un contexto de mayor interconectividad global. Durante las últimas tres décadas, los países de todo el mundo se han integrado más a través de acuer­dos comerciales preferenciales (ACP) y cadenas de valor globales (CVG), al mismo tiempo que han erigido nuevas barreras comer­ciales. ¿Qué explica estas trayectorias contradictorias? La literatura sobre la economía política del proteccionismo comercial mues­tra fácilmente que los ACP promueven las interdependencias comerciales; también ofrece argumentos convincentes sobre las circunstancias en las que los gobiernos se ven obligados a pro­teger sus economías. Sin embargo, tenemos poca evidencia de cómo estas dos trayectorias ocurren a la vez. Este artículo ofrece nueva evidencia de que los mecanismos institucionales como los ACP, que durante décadas han impulsado la difusión de la liberalización comercial, también pueden convertirse en canales para la propagación de proteccionismo menos transparente (por ejemplo, medidas no arancelarias).

Palabras clave:

Política comercial, Proteccionismo, Incertidumbre, Interdependencia, Economía global

Biografía del autor/a

Nicolás Albertoni, Universidad Católica del Uruguay

Vice Chancellor of the Eastern Republic of Uruguay.  He is a Ph.D. in Political Science and International Relations from the University of Southern California (USA). Doctor in Business Administration from the Pontifical Catholic University of Argentina. He has a Master in Economics and a Master in Politics and International Relations from the University of Southern California (USA). Master of School of Foreign Service (Latin American Studies and International Business Diplomacy) from Georgetown University (USA). He is a teacher and researcher at the Catholic University of Uruguay.

Referencias

Ahir, H., Bloom, N., & Furceri, D. (2018). The World Uncertainty Index. Retrieved from https://nbloom.people.stanford. edu/research

Ahir, H., Bloom, N., & Furceri, D. (2020). 60 Years of Uncertainty. Finance & Development, 57(1), 58–60.

Altig, D., Baker, S., Barrero, J., Bloom, N., Bunn, P., Chen, S., Davis, S., Leather, J., Meyer, B., Mihaylov, E., Mizen, P., Parker, N., Renault, T., Smietanka, P., & Thwaites, G. (2020). Economic uncertainty in the wake of the COVID-19 pandemic. VoxEU.Org (24 July 2020). Retrieved from: <https://voxeu.org/article/economic-uncertainty-wake-covid-19-pandemic>.

Albertoni, N., & Wise, C. (2020). International Trade Norms in the Age of Covid-19 Nationalism on the Rise? Fudan Journal of the Humanities and Social Sciences, 14(1), 41–66.

Baccini, L., & Dür, A. (2012). The New Regionalism and Policy Interdependence. British Journal of Political Science, 42(1), 57–79.

Baier, S. L., & Bergstrand, J. H. (2007). Do Free Trade Agreements Actually Increase Members’ International Trade? Journal of International Economics, 71(1), 72–95.

Baker, S., Bloom, N., Davis, S., & Terry, S. (2020). COVID-Induced Economic Uncertainty and its Consequences. VoxEU. Org (2020, 13 April). https://voxeu.org/article/covid-induced-economic-uncertainty-and-its-consequences

Baldwin, R. (1993). A Domino Theory of Regionalism. NBER Working Paper Series, No. 4465. (1993, January 18). https://www.nber.org/papers/w4465

Baldwin, R. (2009a, November 27). The great trade collapse: What caused it and what does it mean? VoxEU.Org. (2009, November 27). https://voxeu.org/article/great-trade-collapse-what-caused-it-and-what-does-it-mean

Baldwin, R. (2009b). The Greater Trade Collapse of 2020. VoxEU.Org (2009, April 7). https://voxeu.org/article/greater-trade-collapse-2020

Baldwin, R. (2012). WTO 2.0: Global Governance of Supply-Chain Trade. Centre for Economic Policy Research, Policy Insight No. 64. https://voxeu.org/article/greater-trade-collapse-2020

Baldwin, R. E. (1970). Non-tariff distortions of international trade. Washington, DC: Brookings Institution.

Baldwin, R. E. (1989). Trade policy in a changing world economy. Chicago, IL: University of Chicago Press.

Baldwin, R. & Evenett, S. (2009). The collapse of global trade, murky protectionism, and the crisis: Recommendations for the G20. Centre for Economic Policy Research (CEPR).

Barbieri, K. (1996). Economic Interdependence: A Path to Peace or a Source of Interstate Conflict? Journal of Peace Research, 33(1), 29–49.

Bellégo, C., & Pape, L.-D. (2019). Dealing with Logs and Zeros in Regression Models. Political Methods: Quantitative Methods EJournal, 1(2), 1–16.

Bems, R., Johnson, R., & Yi, K. (2013). The Great Trade Collapse. Annual Review of Economics, 5(1), 375–400.

Beverelli, C., Stolzenburg, V., Koopman, R. B., & Neumueller, S. (2019). Domestic Value Chains As Stepping Stones to Global Value Chain Integration. The World Economy, 42(5), 1467-1494.

Blanchard, E., Bown, C., & Johnson, R. (2016). Global Supply Chains and Trade Policy. NBER Working Paper No 21883. https://doi.org/10.3386/w21883

Boffa, M., & Olarreaga, M. (2012). Protectionism During the Crisis: Tit-for-tat or Chicken-Games? Economics Letters, 117(3), 746–749.

Bown, C., & Kolb, M. (2019). Trump’s Trade War Timeline: An Up-to-Date Guide. PIIE, 2–15.

Butts, C. & Marcum, C. (2017). A Relational Event Approach to Modeling Behavioral Dynamics. In A. Pilny & M. Scott (Eds.), Group Processes: Data-Driven Computational Approaches (pp. 51–92). Springer.

Chase, K.A. (2003). Economic Interests and Regional Trading Arrangements: The Case of NAFTA. International Organization, 57(1), 137–174.

Cieślik, A., & Hagemejer, J. (2011). The effectiveness of preferential trade liberalization in Central and Eastern Europe. The International Trade Journal, 25(5), 516-538.

Copeland, D. C. (1996). Economic Interdependence and War: A Theory of Trade Expectations. International Security, 20(4), 5–41.

Curran, L., & Eckhardt, J. (2018). Influencing Trade Policy in a Multi-Level System—Understanding Corporate Political Activity in The Context of Global Value Chains And Regime Complexity. Business and Politics, 20(1), 132-164.

Davis, B. (2019, April). What’s a Global Recession? The Wall Street Journal. https://blogs.wsj.com/economics/2009/04/22/whats-a-global-recession/

De Backer, K., & Miroudot, S. (2014). Mapping Global Value Chains. OECD Trade Policy Papers, 15(1), 1–24.

Dür, A., Baccini, L., & Elsig, M. (2014). The Design of International Trade Agreements: Introducing a New Dataset. The Review of International Organizations, 9(3), 353–375.

Dür, A., Eckhardt, J., & Poletti, A. (2020). Global value chains, the anti-globalization backlash, and EU trade policy: A research agenda. Journal of European Public Policy, 27(6), 944-956.

Eckhardt, J. (2013). EU Unilateral Trade Policy-Making: What Role for Import-Dependent Firms? JCMS: Journal of Common Market Studies, 51(6), 989-1005.

Egger, P., Larch, M., Staub, K. E., & Winkelmann, R. (2011). The Trade Effects of Endogenous Preferential Trade Agreements. American Economic Journal of Economic Policy, 3(3), 113-143.

Escaith, H., Lindenberg, N., & Miroudot, S. (2010). Global Value Chains and the Crisis: Reshaping International Trade Elasticity. Global Value Chains in a Postcrisis World: A Development Perspective. The World Bank. https://openknowledge.worldbank.org/handle/10986/2509

Evenett, S. (2019). Protectionism, State Discrimination, and International Business Since the Onset of the Global Financial Crisis. Journal of International Business Policy, 2(1), 1–28.

Evenett, S., & Fritz, J. (2017). Will Awe Trump Rules? Global Trade Alert 21st Report CEPR. https://www.globaltradealert.org/reports/download/42.

Evenett, S., & Fritz, J. (2018). Brazen Unilateralism: The US-China Tariff War in Perspective. Global Trade Alert Report 23. CEPR Press. https://www.globaltradealert.org/reports/45.

Evenett, S., & Fritz, J. (2020). The Global Trade Alert database handbook. Manuscript. https://www.globaltradealert.org/data_extraction.

Evenett, S., Fritz, J., Gerasimenko, D., Nowakowska, M., & Wermelinger, M. (2011). The resort to protectionism during the great recession: Which Factors Mattered? [Working Paper] University of St Gallen. https://www.alexandria.unisg.ch/publications/89753

Gaulier, G., Sztulman, A., & Ünal, D. (2019). Are Global Value Chains Receding? The Jury is Still Out. Key Findings from the Analysis of Deflated World Trade in Parts and Components. International Economics, 161(1), 219-236.

Gawande, K., Hoekman, B., & Cui, Y. (2011, November 10). Determinants of Trade-Policy Responses to the 2008 Financial Crisis. VOX CERP Policy Portal. https://voxeu.org/article/determinants-trade-policy-responses-2008-financial-crisis

Gawande, K., Hoekman, B., & Cui, Y. (2015). Global Supply Chains and Trade Policy Responses to the 2008 Crisis. The World Bank Economic Review, 29(1), 102–128.

Georgiadis, G., & Gräb, J. (2016). Growth, Real Exchange Rates and Trade Protectionism Since the Financial Crisis. Review of International Economics, 24(5), 1050-1080.

Gereffi, G. (2014). Global Value Chains in a Post-Washington Consensus World. Review of International Political Economy, 21(1), 9–37.

Gereffi, G. (2018). Global value chains and development: Redefining the contours of 21st century capitalism. Cambridge University Press.

Gerring, J., & Cojocaru, L. (2016). Selecting Cases for Intensive Analysis: A Diversity of Goals and Methods. Sociological Methods & Research, 45(3), 392–423.

Ghodsi, M., & Stehrer, R. (2016). Non-tariff measures trickling through global value chains. Productivity, non-tariff measures and openness. [Working paper].

Vienna Institute for International Economic Studies, Vienna. https://www.etsg.org/ETSG2016/Papers/281.pdf

Goldberg, P. K., & Pavcnik, N. (2016). The Effects of Trade Policy. In K. Bagwell & R. W. Staiger, Handbook of Commercial Policy (Vol. 1, pp. 161–206). Elsevier Press.

Gould, D. M., & Woodbridge, G. L. (1998). The Political Economy of Retaliation, Liberalization and Trade Wars. European Journal of Political Economy, 14(1), 115–137.

Graham, B., & Tucker, J. (2017). The International Political Economy Data Resource. The Review of International Organizations, 12(1), 1–13.

Graham, B. (2019). Investing in the homeland: migration, social ties, and foreign firms. University of Michigan Press.

Grundke, R., & Moser, C. (2019). Hidden Protectionism? Evidence from Non-Tariff Barriers to Trade in the United States. Journal of International Economics, 117, 143–157.

Hafner-Burton, E. M. (2005). Trading Human Rights: How Preferential Trade Agreements Influence Government Repression. International Organization, 59(3), 593–629.

Henn, C., & McDonald, B. (2014). Crisis Protectionism: The Observed Trade Impact. IMF Economic Review, 62(1), 77–118.

Hofmann, C., Osnago, A., & Ruta, M. (2019). The Content of Preferential Trade Agreements. World Trade Review, 18(3), 365–398.

Hummels, D., Ishii, J., & Yi, K.-M. (2001). The Nature and Growth of Vertical Specialization in World Trade. Journal of International Economics, 54(1), 75–96.

Jensen, J., Quinn, D. P., & Weymouth, S. (2015). The Influence of Firm Global Supply Chains and Foreign Currency Undervaluations on US Trade Disputes. International Organization, 69(4), 913–947.

Johnson, R. C. (2017). Measuring Global Value Chains (Working Paper No. 24027; Working Paper Series). National Bureau of Economic Research.

Kee, H. L., Neagu, C., & Nicita, A. (2013). Is Protectionism on the Rise? Assessing National Trade Policies during the Crisis of 2008. Review of Economics and Statistics, 95(1), 342–346.

Kono, D. (2006). Optimal Obfuscation: Democracy and Trade Policy Transparency. The American Political Science Review, 100(3), 369–384.

Kono, D. (2007). When Do Trade Blocs Block Trade? International Studies Quarterly, 51(1), 165–181.

Lamy, P. (2013, December 18). Global Value Chains, Interdependence, and the Future of Trade. Vox CEPR Policy Portal. https://voxeu.org/article/global-value-chains-interdependence-and-future-trade.

Limão, N. (2016). Preferential Trade Agreements. In K. Bagwell & R. W. Staiger, (Eds.), Handbook of Commercial Policy. (Vol. 1, pp. 279–367). Elsevier Press.

Manger, M. (2009). Investing in Protection: The Politics of Preferential Trade Agreements Between North and South. Cambridge University Press.

Mansfield, E., & Milner, H. (1999). The New Wave of Regionalism. International Or-ganization, 53(3), 589–627.

Mansfield, E., & Reinhardt, E. (2008). International Institutions and the Volatility of International Trade. International Organization, 62(4), 621–652.

Mansfield, E., Milner, H., & Jon, P. (2008). Democracy, Veto Players and the Depth of Regional Integration. The World Economy, 31(1), 67–96.

Maswood, S. J. (2021). Origins and Consequences of Economic Globalization: Moving Beyond a Flawed Orthodoxy. European Journal of International Relations, 27(2), 428-449.

Neumayer, E., & Spess, L. (2005). Do bilateral Investment Treaties Increase Foreign Direct Investment to Developing Countries? World Development, 33(10), 1567-1585.

Osgood, I. (2018). Globalizing the supply chain: Firm and industrial support for US trade agreements. International Organization, 72(2), 455-484.

Pacces, A. M. (2010). Uncertainty and the Financial Crisis. Journal of Financial Transformation, 29(1), 79-93.

Pinna, A. M., & Lodi, L. (2021). Trade and Global Value Chains at the Time of Covid-19. The International Spectator, 1(1), 1–19.

Reinhart, C., & Rogoff, K. (2009). This time is different: Eight centuries of financial folly. Princeton University Press.

Ruta, M. (2017). Preferential Trade Agreements and Global Value Chains: Theory, Evidence, and Open Questions. The World Bank Working Paper S8190. http://documents.worldbank.org/curated/en/991871505132824059/Preferential-trade-agreements-and-global-value-chains-theory-evidence-and-open-questions

Urata, S., & Okabe, M. (2010). The Impacts of Free Trade Agreements on Trade Flows: An application of the Gravity Model Approach. Free Trade Agreements in the Asia Pacific, 11(1), 195–240.

Waltz, K. (2000). Structural Realism after the Cold War. International Security, 25(1), 5–41.

Witt, M.A. (2019). De-globalization: Theories, predictions, and opportunities for international business research. Journal of International Business Studies, 50(7), 1053–1077.

Wozniak, P., & Galar, M. (2018, January). Understanding the Weakness in Global Trade. European Commission, Economic Brief 033. https://ec.europa.eu/info/sites/info/files/economy-finance/eb033_en_0.pdf

WTO (2016, July 4). Report to the TPRB from the Director-General on Trade-Related Developments. World Trade Organization. https://www.wto.org/english/news_e/news16_e/trdev_22jul16_e.htm.

WTO (2017a, November 9). World Trade Organization. Report on G20 Trade Measures. World Trade Organization.

WTO (2020a). Trade falls steeply in first half of 2020. WTO Secretariat. https://www.wto.org/english/news_e/pres20_e/pr858_e.htm

WTO (2020b). Trade Set to Plunge as COVID-19 Pandemic Upends Global Economy. WTO Secretariat 20-2749. https://www.wto.org/english/news_e/pres20_e/pr855_e.pdf

Yi, K.-M. (2009). The Collapse of Global Trade: The Role of Vertical Specialisation. In R. Baldwin & S. Evenett (Eds.), The Collapse of Global Trade, Murky Protectionism, and the Crisis: Recommendations for the G20 (pp. 45-48). CEPR Press.

Young, A. R. (2017) The Politics of Deep Integration. Cambridge Review of International Affairs, 30(5-6), 453-463.