The second GTA report, prepared by an independent group of researchers and analysts located around the globe, is based on over 400 investigations of state measures that have been implemented since the first crisis-related G20 meeting in November 2008. The key findings of this Report are:
Despite all the talk about measures to bolster green industries, innovation, and future growth poles of the economy, outside of the financial sector the bulk of protectionist measures affect sectors such as agriculture and smokestack, lower-productivity manufacturing.
Differences in the forms of protectionism used now and in the 1930s make exact comparisons difficult. While there is some comfort that the scale of current protectionism is surely less than that of the 1930s, with the alarming amount of protectionism in the pipeline and growing pressure on politicians from rising unemployment, only the most cavalier observer could dismiss the harm being done to exports and its possible contribution to economy recovery.
Release date: 18 September 2009