THE ECONOMIC CRISIS AND THE CHALLENGE OF TRADE LIBERALIZATION

THE ECONOMIC OUTLOOK that the global crisis has generated makes us go back in time. Protectionist temptations make us look back to a past in which countries closed their borders in an attempt to protect their economies. But this time travel only serves to implement and advance warnings to stay away from that scenario. This article analyzes how trade flows have evolved since the outbreak of the crisis in 2007 and examines countries' protectionist movements under the World Trade Organization with a glance toward the possibility of concluding the Doha Round.