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Effective Crisis Response and Openness: Implications for ...

Evenett, Simon J. / Hoekman, Bernard M. / Cattaneo, Olivier
Effective Crisis Response and Openness: Implications for the Trading System
The world has now faced the most severe global economic crisis since the Great Depression of the 1930s. Governments have responded to the crisis with many initiatives, often with implications for the openness of their national economies to global markets. While the primary objectives have been to support demand and thus economic activity and employment, recognition of cross-border spillovers has led to calls for international cooperation and t...

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