Creeping protectionism
By Julian Harris
In the run up to the G20, it is worth noting that nearly all (17) of these countries have implemented protectionist measures in the last few months–in spite of signing a pledge in November 2008 to avoid protectionist measures.
For all their crowing about free trade, these scoundrels are sneaking in barriers at every opportunity, often to the detriment of the world’s poor.
Details are in a report by the World Bank. It states:
“Since the beginning of the financial crisis, officials have proposed and/or implemented roughly 78 trade measures … Of these, 66 involved trade restrictions, and 47 trade-restricting measures eventually took effect.”
Click here for the full report.
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Tags: G20, protectionism, World Bank
