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The Great Recession and Import Protection

The Role of Temporary Trade Barriers

Thursday, September 8 at 3:30pm in Auditorium J1-050

 

The Great Recession of 2008–9 caused a negative shock to the global economy, and with it came an uncertainty regarding trade policy. Could the modern trading system withstand such a devastating economic blow? Would governments live up to their early-crisis pledge to refrain from protectionism? As it turns out many countries were quite active with their trade policy during the crisis. Policies like anti-dumping, safeguards and countervailing duties (CVDs) – referred to collectively as temporary trade barriers (TTBs) – played an important and perhaps even critical role.

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EDITOR
Chad P. Bown
Senior Economist, Development Research Group, World Bank

PANELISTS
Gary N. Horlick
Attorney at Law

Philip I. Levy
Resident Scholar, American Enterprise Institute

Jeffrey J. Schott
Senior Fellow, Peterson Institute for International Economics

For panelist biographies, please see below.

EDITOR
Chad P. Bown
Senior Economist, Development Research Group, World Bank
Mr. Bown is Senior Economist in the World Bank's Development Research Group, Trade and International Integration (DECTI) in Washington, DC. Bown is a term member of the Council on Foreign Relations, an Adviser to the American Law Institute (ALI) project on the Principles of the Law of World Trade, and he serves as the Book Review Editor and on the editorial board for the World Trade Review. Mr. Bown is formerly a tenured Professor of Economics at Brandeis University and he served as Senior Economist in the White House on the President's Council of Economic Advisers. He has been the Okun-Model Fellow in Economic Studies and a non-resident Fellow in the Global Economy and Development Program at the Brookings Institution and the visiting scholar in residence in Economic Research at the WTO Secretariat in Geneva. Mr. Bown is also the author of the book Self-Enforcing Trade: Developing Countries and WTO Dispute Settlement (Brookings Institution Press, 2009), and the co-editor, with Joost Pauwelyn, of The Law, Economics, and Politics of Retaliation in WTO Dispute Settlement (Cambridge University Press, 2010).

PANELISTS
Gary N. Horlick
Attorney at Law
Mr. Horlick has worked in senior positions in the U.S. Congress (International Trade Counsel, U.S. Senate Finance Committee) and the Executive Branch (Head of Import Administration, U.S. Department of Commerce), where he was responsible for all U.S. antidumping and countervailing duty cases, Foreign Trade Zones, Special Import Programs, and the negotiation of the U.S.-EU Steel Agreement. He has been Chairman of WTO and Mercosur panels, and has litigated in U.S. courts and administrative agencies; GATT and WTO tribunals; NAFTA Chapters 19 and 20 tribunals; and anti-dumping cases in 12 countries. He has served as first Chairman of the WTO Permanent Group of Experts on Subsidies; Chairman of the International Section of the DC Bar; Vice Chairman of the Trade Committee of the International Bar Association; and is a member of the Council of Foreign Relations. He teaches international trade law at Yale, Georgetown, and Berne Universities.

Philip I. Levy
Resident Scholar, American Enterprise Institute
Mr. Levy's work in AEI's Program in International Economics ranges from free trade agreements and trade with China to antidumping policy. Prior to joining AEI, he worked on international economics issues as a member of the secretary of state's Policy Planning Staff. Mr. Levy also served as an economist for international trade on the President's Council of Economic Advisers and was a member of the faculty in the Economics Department at Yale University. He writes for AEI's International Economic Outlook series and contributes to the Shadow Government blog for Foreign Policy.

Jeffrey J. Schott
Senior Fellow, Peterson Institute for International Economics
Mr. Schott joined the Peterson Institute for International Economics in 1983 and is a senior fellow working on international trade policy and economic sanctions. During his tenure at the Institute, Schott was also a visiting lecturer at Princeton University (1994) and an adjunct professor at Georgetown University (1986–88). He was a senior associate at the Carnegie Endowment for International Peace (1982–83) and an official of the US Treasury Department (1974–82) in international trade and energy policy. During the Tokyo Round of multilateral trade negotiations, he was a member of the US delegation that negotiated the GATT Subsidies Code. Since January 2003, he has been a member of the Trade and Environment Policy Advisory Committee of the US government. He is also a member of the Advisory Committee on International Economic Policy of the US Department of State. Mr. Schott is the author, coauthor, or editor of several books on trade; including the recently published Figuring Out the Doha Round (2010), Reengaging Egypt: Options for US-Egypt Economic Relations (2010), Economic Sanctions Reconsidered, 3rd edition(2007), and Trade Relations Between Colombia and the United States(2006).

 




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