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In 1930, as the effects of the Wall Street Crash started to spread, some countries engaged in what is now known as "beggarthy-neighbour" practices. This is when a country implements a policy that protects its own economy but damages the economies of others. These actions had a domino-like effect and every implemented protectionist measure deepened the crisis even further.
"The fact that the International Monetary Fund noted
that the GTA has the most comprehensive coverage of trade-discriminatory
and trade-liberalising measures is a big compliment."
Fast forward to 2007, when the world experienced another financial crisis. It was feared that governments would again invoke protectionist measures. Simon Evenett, Full Professor of International Trade and Development, created the Global Trade Alert (GTA) to monitor government inerventions in the hope that this information would discourage beggar-thyneighbour practices from raising their ugly head once again. "We wanted to create something that was independent, comprehensive, transparent and timely," said Evenett. "The fact that the International Monetary Fund noted that the GTA has the most comprehensive coverage of trade-discriminatory and trade-liberalising measures is a big compliment."
Since it was founded ten years ago, Simon Evenett has presented GTA findings before the UK House of Lords and the European Parliament and data from the GTA has been used as a briefing document at the G7. In the last year alone, the GTA has been mentioned in thousands of periodicals ranging from the Financial Times, the NZZ, Spiegel, Reuters, SRF, Handelszeitung, the New York Times and Forbes, to leading periodicals in Brazil, Canada, China, Germany, Japan, Greece, and Russia. In academic circles, the GTA has been cited over 1,400 times. In 2018, Simon Evenett and the Global Trade Alert team received the HSG Impact Award.