Events
Twenty-First Century Trade Policy: Pushing the Limits of International Cooperation
April 22, 2014International Cooperation and Global Public Goods

Today’s trade policy makers face different priorities than their twentieth-century counterparts. In the past, they needed to focus on how to open their economies to international trade. Today, policy makers must both sustain that openness in the face of po... litical-economic shocks and deepen that openness by further negotiating international cooperation.   See More

Today’s trade policy makers face different priorities than their twentieth-century counterparts. In the past, they needed to focus on how to open their economies to international trade. Today, policy makers must both sustain that openness in the face of political-economic shocks arising at home and abroad and deepen that openness by further negotiating international cooperation over even some domestic policies. Today’s policy makers not only face the daunting complexity of highly legalized international agreements, but their access to policy space is constantly changing as a result of new rules and new legal jurisprudence that reinterprets old rules.

In this talk, Chad P. Bown will discuss the intersection of national policymaking and international trade agreements, highlighting the necessary and yet sometimes uneasy co-existence of friction and cooperation. He will describe how the World Bank’s recent data dissemination initiatives and monitoring of trade policy have contributed to the provision of global public goods, and he examines the implications of recent research in areas such as South-South protectionism, trade disputes, multilateral versus regional approaches to cooperation, and capacity-building of domestic institutions. Finally, he will examine proposals for how the World Bank can collaborate more effectively with policy makers to empower them to better extract the benefits from international agreements and to simultaneously push against the perceived limits of further international cooperation.

 

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    Chad P. Bown, Lead Economist, Research Department

    Chad P. Bown is a Lead Economist in the Development Research Group at the World Bank and a Research Fellow at CEPR in London. His work focuses on trade policy and international cooperation, and he has recently examined Liberia, Turkey, Dominican Republic, India, Brazil, and China, and has been published in journals such as the American Economic Review, The Review of Economics and Statistics, and Journal of International Economics.
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    Asli Demirguc-Kunt, Director of Research

    Asli Demirgüç-Kunt is the Director of Research in the World Bank. After joining the Bank in 1989 as a Young Economist, she has held different positions, including Director of Development Policy, Chief Economist of Financial and Private Sector Development Network, and Senior Research Manager, doing research and advising on financial sector and private sector development issues.
  • Sudhir Shetty, Chief Economist, East Asia and Pacific Region

    Sudhir Shetty is Chief Economist in the East Asia and Pacific Region of the World Bank. Before this, he served as Sector Manager, Poverty Reduction and Economic Management (PREM), East Asia and Pacific Region. He was previously Co-Director of the team that prepared the World Bank’s 2012 World Development Report on Gender Equality and Development. He previously headed the PREM department in the Africa Region of the World Bank, managed the Bank’s central Poverty Reduction group and held a number of positions as an economist in both the Africa and East Asia and Pacific regions of the Bank.

The Policy Research Talks showcase the latest findings of the research department and their implications for World Bank operations. The goal of the monthly event is to facilitate a dialogue between researchers and operational staff, so that we can challenge and contribute to the World Bank's intellectual climate and re-examine conventional wisdom in current development theories and practices.

Policy Research Talk