KOOTHS | How to steer trade policy so that it mutually benefits economies and societies globally? How to steer trade policy so that it mutually benefits economies and societies globally? Friedrich Naumann Foundation for Freedom, European Dialogue Programme | Online hackathon, 19 June 2020 Enable Economy Europe21 ! Re-imagine Social Market Economy Stefan Kooths Forecasting Center
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Friedrich Naumann Foundation for Freedom, European ... · Barriers to trade call for reasons, free trade doesn’t. The burden of proof 3. KOOTHS | How to steer trade policy so that
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KOOTHS | How to steer trade policy so that it mutually benefits economies and societies globally?
How to steer trade policy so that it mutually benefits economies and societies globally?
Friedrich Naumann Foundation for Freedom, European Dialogue Programme | Online hackathon, 19 June 2020Enable Economy Europe21 ! Re-imagine Social Market Economy
Stefan KoothsForecasting Center
KOOTHS | How to steer trade policy so that it mutually benefits economies and societies globally?
Kiel Institute for the World Economy (est. 1914)
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KOOTHS | How to steer trade policy so that it mutually benefits economies and societies globally?
Voluntary exchange is a positive sum game.
Barriers to trade call for reasons, free trade doesn’t.
The burden of proof
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KOOTHS | How to steer trade policy so that it mutually benefits economies and societies globally?
Barriers to trade: (Much) More than just tariffs
Quelle: WTO, World Trade Statistical Review 2016.
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KOOTHS | How to steer trade policy so that it mutually benefits economies and societies globally?
Capital controls.
Protectionism: Not just a matter of trade
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KOOTHS | How to steer trade policy so that it mutually benefits economies and societies globally?
Block building: U.S. / China / EUthinking from the 20th century
Europe’s true source of power: Diversitythinking for the 21st century
Power politics vs. smart politics
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KOOTHS | How to steer trade policy so that it mutually benefits economies and societies globally?
Neomercantilism:
Protectionism + strategic industrial policy
Double pack of interventionism
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KOOTHS | How to steer trade policy so that it mutually benefits economies and societies globally?
Protectionism
“Economic sovereignty”
Beware of new narratives
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KOOTHS | How to steer trade policy so that it mutually benefits economies and societies globally?