Frieden, Jeffry. 2009. Global trade in the aftermath of the global crisis. VoxEU Working Paper, November 27, 2009. http://www.voxeu.org/article/global-trade-aftermath-global-crisis
Re-balancing global trade will be difficult, generating substantial protectionist pressures. To manage these pressures, governments must maintain domestic political support for an open world economy. This in turn requires flexible responses to national political pressures. Rigid, unrealistic insistence on exemplary behaviour will be less fruitful than efforts at modest, feasible cooperation on trade policies. Above all, governments singly and jointly need to address the underlying macroeconomic causes of the imbalances to prevent serious trade confrontations.
Per http://www.voxeu.org/pages/copyright, "Up to three VoxEU.org contributions per month may be reproduced in full by any one website or printed publication without prior consent subject to proper attributions, specifically “VoxEU.org” must be mentioned 'above the fold' as the source and a link to VoxEU.org must be provided (for web pages). Further, columns may only be reproduced at least 24 hours after they first appeared on VoxEU.org." This will be the first VoxEU contribution DASH reproduces this month.