Word: protectionists
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...Argentina's Grupo Arcor. Kraft Foods, meanwhile, intends to close its Holland, Mich., manufacturing facility for Life Savers next year, and plans to make the iconic candy in Quebec, where sugar sells at market rates. You might think the loss of jobs would prompt Congress to reconsider its protectionist policies. But you would be wrong...
...moral of this tale is "neomercantilism," the protection of one's home market against competition from abroad. The Schröder government has become quite shameless in this game, using its muscle in European councils as if it were the direct descendant of Louis XIV and his protectionist Finance Minister Jean-Baptiste Colbert...
Trade has never got along very well with terror or war. International commerce contracted sharply after the outbreak of World War I. A round of protectionist measures in the 1920s and '30s contributed mightily to the Great Depression and World War II. And in the wake of the Sept. 11 terror attacks, shipments were held up for days at the U.S. borders with Canada and Mexico, and at airports around the world, forcing Detroit assembly lines to shut down for lack of parts and spurring U.S. and foreign executives to seek suppliers closer to home...
Opposition politicians and some academics railed against the plan, arguing that it was too expensive. They also said Porter’s free market philosophy clashed with the Thai government’s more protective and protectionist desires...
...That attitude could be bad for business in Europe if the continent is seen as protectionist by outside companies; it could be good for business everywhere if the European theory of consolidation, competition and the greater good turns out to be the smart call. But now that the EU has made clear its intention to set its own pace for global mergers, the immediate fallout will be that the next time Wall Street sees a potentially tricky merger coming along, it's rather likely to sneer and something nasty about the French...