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...Send in the Cows One way to improve bilateral ties is to expand legal trade between the two countries and promote the development of the border areas, which would reduce the incentives for both smuggling and illegal migration. To do that, India would have to rethink one of its most deeply held beliefs: the sanctity...
...Privately, BSF officers admit that the ban makes little sense; dozens of Indian citizens are killed every year while trying to earn the fee of about $22 for getting a cow across. (The animals can eventually be sold for as much as $900 each.) Legalizing the trade would reduce the border violence and open a new stream of tax revenue. But few on the border expect that to happen in a majority-Hindu country. "Which government is going to allow the export of cows for slaughter?" Mitra asks. "That would just be political suicide...
What's likely is that there will be at least some reversal of the relatively free-flowing trade and movement of workers of the past few years. The extent of that could be determined by just how bad the region's economies get. "We've already seen the rescue of finance sectors bleed into industries like automakers and construction at an extremely rapid rate - one that's accelerating further as frightened publics demand protection from national leaders," says Karel Lannoo, CEO of the Centre for European Policy Studies in Brussels. "This is undermining something the world learned in the past...
...hard to stay loyal to liberal markets when voters are demanding action in the middle of an economic meltdown. Nowhere has that been more evident than in Britain - long the European Union's most enthusiastic cheerleader of American-style deregulation and free trade. On Monday, U.K. unions held a repeat of last week's wildcat strikes protesting a decision by a French-owned oil plant to bring in 300 Italian and Portuguese contract laborers. British workers at the refinery in northeast England say they want jobs to go to locals, not to cheaper foreign workers. The move sparked rare...
...steel. Moves are also afoot in the Senate to extend that "buy American" steel requirement to other construction materials covered by the package - causing tempers to flare in Europe. "A dangerous new steel war is looming, and we need to counter it with strong and decisive actions," warned Italian Trade Minister Adolfo Urso on Monday. The problem with that, Lannoo advises, is not only that European retaliation would risk setting off an escalation of protectionist sparring with the U.S.; the powerful forces of protectionism could wind up dividing the E.U. itself...