Save your own skin. Will free trade yield to bunker politics?

Wildcat strikes over 'British jobs for British workers', 'Buy American' slogans, EU hints of tit-for-tat. Is protectionism back? "Protectionism" has been the dirty word of western capitalism for the past quarter of a century. The rise of monetarism and the long march of globalisation have ripped down trade barriers, bringing great wealth from London to Mumbai. The notion that countries could place taxes on foreign goods or insist on the employment of local labour was considered both illiberal and a potential cause of poverty.
Published On:	2/8/2009
Submitted On:	2/13/2009 7:58:01 AM by Picka
Categories:	Business and Economy & Free Trade

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