fix articles 560624, protectionist
The (Temporary) End of Globalization (tags)
Protectionist measures could lead to losses of prosperity and increase the pressure to introduce more measures. Before the 2008 crisis, world trade grew over 6% per year (now 2%). Why must US consumers pay more for imports from the EU? Why are European consumers punished?
The First Shots of the Trade War (tags)
With the G-20 summit approaching, cheerful talk of “international cooperation” fills the White House press-room. These comments carry with them the implication that “free trade” is integral to “cooperation,” a fact made explicit in the last meeting of the G-20. There, in the name of “united action,” world leaders agreed not to install any new protectionist measures. Since then, protectionist measures have flourished. Instead of global cooperation we have its opposite: international tensions are on the rise as trade disputes sharpen.