Word: protectionist
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...whose prices are lower than the prices of their American-made counterparts,” is in fact beneficial for the United States. Cheap imports are an incredible boon for Americans, a fact that is evident to anyone who has been to Wal-Mart. In her critique of certain protectionist policies, Lescroart falls into the general protectionist fallacy of seeing the availability of cheap products for Americans as a bad thing simply because those products come from outside our borders. DANIEL P. ROBINSON ’10 Cambridge, MA October...
...legislation’s political consequences, however, are manifest. By taxing Chinese imports, the United States would adopt a protectionist stance that would set an international precedent contradictory to the promotion of free trade. Further, in forcing OPIC to deny new financing to countries with “fundamentally misaligned currencies,” the bill would distance the U.S. from the very emerging market economies that the government would want to participate in free trade...
...national control over [oil and gas] developments and leaving less room for non-national companies to participate," says Peter Mellbye, StatoilHydro's head of international exploration and production. While key Middle Eastern nations have long held their domestic oil companies and development projects in a tight grip, a more protectionist stance among energy powers elsewhere has, Mellbye says, "fundamentally changed the picture...
...same Western powers that bombarded their way into foreign markets and countries now, of course, quiver behind their own protectionist ramparts in fear of cheap Chinese goods, for the processes of globalization are continuously evolving. Indeed they have now "outpaced our mind-set," Chanda warns. Petty tribalism still hampers our thinking, preventing concerted international action on a whole host of dangers such as climate change, the threat of viral pandemics and mass humanitarian crises. How much better, says Chanda, to have the geopolitical and economic grasp of the 16th century Portuguese trader and diplomat, Tomé Pires, as he gazed...
...international investment works immediately, of course, regardless of where it originates. Italian automaker Fiat, for example, failed in its initial attempts to build cars in India because of India's protectionist policies and its own ignorance of the market. Now, however, Fiat has a partnership with Tata Motors that will turn out cars geared to local Indian needs. "There are great opportunities in both directions," says Berta, "but the way in must be soft. Europeans can't be aggressive in Asia. And Asians can't be aggressive in Europe...