The economic damage of a brexit would be much worse than predicted in most mainstream studies before.
A changing landscape in trade policy in recent years is undoubtedly related to changing voter preferences. Based on Eurobarometer survey data, the present paper investigates both the factors determining the level of support for protectionism and the striking inconsistency of responses to questions related to free trade and protectionism.
The changing course of US trade policy since the election of Donald Trump has strengthened the image of free trade in the EU. However, almost 40 percent of EU citizens also support protectionism.This is puzzling, yet lacking knowledge is an important explanation, a new IW study shows. An information campaign is inevitable in order to secure the sustainability of EU Trade policy.
In this episode of The Zeitgeist, Michael Hüther, Director of the German Economic Institute, joined AICGS President Jeff Rathke and Senior Fellow Peter Rashish to talk about what Hüther calls the end of the second era of globalization and the challenges of shaping the third era of globalization, creating a European and an international framework that is politically sustainable and economically effective.