Word: protectionist
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...China's entry into the World Trade Organization (WTO) will eliminate trade barriers. Even after the WTO agreement kicks in, his company will still have to pay an amount double the current national import tariff to ship his sneakers from Shanghai to the central city of Chongqing, because of protectionist fees imposed by provincial governments. Earlier this year, a U.S. automaker discovered that sending a sedan from Shanghai to northern Ningxia province is more expensive than shipping it from Detroit to Shanghai because truckers have to pay a toll?read bribe?every time their load of new cars crosses...
...Monde last week, has "wounded" and "humiliated" France. Le Pen won't become President; Chirac is all but guaranteed to win the runoff in a landslide, as many supporters of the left, holding their noses, rally to his standard. But the success of the far right, with its nationalist, protectionist and anti-immigrant platform, poses some uncomfortable questions. What explains Le Pen's support...
...Monde last week, has "wounded" and "humiliated" France. Le Pen won't become President; Chirac is all but guaranteed to win the runoff in a landslide, as many supporters of the left, holding their noses, rally to his standard. But the success of the far right, with its nationalist, protectionist and anti-immigrant platform, poses some uncomfortable questions. What explains Le Pen's support...
...onslaught is causing backlash in protectionist-minded countries. In Malaysia, which hosts Carrefour among other hypermarkets and soon Tesco stores, the government last month announced a freeze on all applications to build new outlets. Thailand, too, is considering limiting where superstores can be located...
Summers however stressed that anti-entrepenurial and protectionist policies were also barriers to relieving world poverty...