Word: protectionists
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Dates: during 2000-2009
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...still lurking, of course. Oil prices have dropped back recently from $70 to the low $50s, but they are still far higher than just a few years ago, and other commodity prices have soared, fueling inflation. Business leaders across the world are also watching nervously for signs of a protectionist blast from the new Democratic-majority Congress in Washington. Isolated cases of protectionism abound on both sides of the Atlantic: in December, the U.S. Department of Transportation turned down an application by Virgin America, a start-up airline partly owned by British billionaire Richard Branson, to begin domestic U.S. flights...
...moment, these risks seem manageable. Central banks, especially in Europe, have been raising rates to head off inflation. And there are several initiatives underway between Europe and the U.S. that aim to counteract protectionist pressures at home and abroad. German Chancellor Angela Merkel visited Washington this month to push a plan that would harmonize investment and trade rules across the Atlantic. And the European Union and the U.S. recently got back together in a new and perhaps final attempt to salvage the World Trade Organization's Doha Round of negotiations. "We are in the endgame," says Peter Mandelson...
...California aerospace industry, and a low unemployment rate of 4.6 percent in September 2006, the U.S. is hardly overflowing with high-skill people out of work. Since the number of foreigners allowed to perform specialty occupations is not capped out of reasonable concern for national welfare, it is a protectionist measure that ends up telling many of our country’s hardest working specialists: “Go home.” The U.S. economy is strong largely because of its ability to attract and retain highly skilled scientists and engineers from abroad. The use of H-1B visas...
...administration tapped central-bank governor Pridiyathorn Devakula, a respected technocrat who helped extricate Thailand from the 1997 Asian financial crisis, as a top economic advisor. Pridiyathorn spent late last week trying to convince overseas investors that Thailand wouldn't retreat from the global economy or pursue a protectionist agenda. And the health of Thailand's economy, projected to grow by 4% to 5.3% this year, will ultimately hinge on outside factors as well. "Regardless of what government is in power, if oil prices go down next year, then the economy gets a boost," says Supavud Saicheua, an economist at Phatra...
...wont to do, ignores its historical tendency. Ironically, Republicans were among the original conservationists. Their pragmatic environmental policies, pioneered in the early 20th century, have served the nation well until recently. It is that original approach of balanced use of public land—rather than a complete protectionist policy, as some environmentalists advocate—that America must return to.Bush’s ideology bears only the most distant relationship to the original Republican environmental ethos—the conservationism of Gifford Pinchot, a turn-of-the-century Republican who served as the head of the National Forestry...