Word: protectionist
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...With the world economy being so unstable and the Mexican peso falling, it is crazy to get into this protectionist trade dispute now," says Representative Edmundo Ramirez of Mexico's former ruling Institutional Revolutionary Party. "Our governments should be sitting down and negotiating solutions, not slapping on retaliatory measures." (See pictures of the Great Wall of America rising on the Mexican border...
Jingoism is in the air. You can smell it in the halls of Congress, where pandering politicians wax patriotic while inserting protectionist measures into recovery legislation. But you can also find it wafting from the eggplant parmesan in Harvard’s dining halls, which have adopted a rash of interhouse restrictions that make things dicey for those not lucky enough to sport an Adams sticker on their ID cards...
...Although it’s true that many kinds of protectionism would at this point be detrimental, others might not be. Global trade is down substantially, and closing economies is not the answer for anyone, but some protectionist measures are necessary to sell international cooperation to people in developed countries (see the “Buy American” clause, which is no Smoot-Hawley tariff...
...American,” using only American steel in the construction of roads and bridges. Thankfully, this provision did not make it into the final bill that was signed into law. But the “Buy American” controversy is indicative of a turn toward a protectionist trade agenda, especially in the anti-immigrant lobbies of the Republican Party and the labor-union wing of the Democratic Party. This is a trend that should be combated at every turn, especially during a recession of this magnitude...
...turns out, America is not the only country turning to protectionist barriers. In a similar vein, French policymakers have included protectionist measures in their stimulus bill, though European Union complaints have made them temper their proposals. Furthermore, for all his talk of avoiding economic nationalism in his speech to the U.S. Congress on Wednesday, British Prime Minister Gordon Brown has called for “British jobs for British workers.” Though the rhetoric of short-term political gain is attractive, it is definitely detrimental for everyone playing the game. Economic nationalism gives rise to a prisoner?...