Word: protectionists
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Dates: during 2000-2009
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...left a legacy that took us decades to remove,” he said. Lawrence added that despite the depth of the global recession, he remained optimistic about the decisions that national leaders have made about trade. “Almost every global leader has pledged to avoid protectionist actions and I think that reflects a change in intellectual mindset,” he said. The event, organized by the Harvard International Relations Council as part of their “International Relations Week,” attracted only a handful of students to Ticknor Lounge. The IRC has seven...
...Washington Every Country for Itself Despite a pledge not to enact new protectionist policies--which economists say could worsen the global recession--17 of the G-20 countries have implemented such measures in recent months, according to the World Bank. Individual nations' attempts to preserve jobs and industries through tariffs or subsidies "can lead to a negative spiral of events," according to the bank's president. In its report, the bank says 47 separate isolationist measures have been put in place since November...
...sampling of new protectionist measures...
...Washington last November, G-20 leaders pledged to set their faces against protectionism and to revitalize the moribund "Doha Round" of talks on world trade liberalization. Since then, says the World Bank, no fewer than 17 of the G-20 member nations have adopted a variety of protectionist measures - and there's no sign of any movement on reviving the Doha talks. The summiteers can be depended upon to adopt some ringing denunciation of protectionism. How much it will mean, God knows...
...didn't mention the nasty spat that has broken out between the U.S and Mexico; the U.S. has stopped a program that allowed Mexican trucks on American roads, and Mexico has retaliated with tariff increases. Said World Bank president Robert Zoellick: "Leaders must not heed the siren song of protectionist fixes. Economic isolationism can lead to a negative spiral of events such as those we saw in the 1930s, which made a bad situation much, much worse...