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And while domestic demand in surplus economies flags, the imbalances that have contributed to the current crisis will not right themselves, and will encourage protectionism.
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while encouraging protectionism.
GENEVA (Reuters) — World Trade Organization members gathered on Monday to assess how far the financial crisis has encouraged protectionism.
Foreign business leaders complain that Mr Hu and Mr Wen have been encouraging greater protectionism, not more openness, as they prepare to hand over.Their concerns will not be allayed by a new five-year economic plan which will be adopted by China's rubber-stamp parliament in March.
"The international community is currently working together in actively responding to the financial crisis, and it must avoid exploiting different excuses for renewing or encouraging trade protectionism, because these are of no help in withstanding the financial crisis".
In speeches and in his 1979 book, "Arguments for Socialism," Benn put forward an "alternative economic strategy" that included protectionism (to encourage the revival of British industry), more nationalization (at the time, firms like British Telecom, British Petroleum, and British Gas were already part of the public sector), and works councils and other forms of "industrial democracy".
The Britain that has always championed liberty, tolerance and social responsibility should be ready once again to lead a progressive movement, spearheading action to fight climate change, resist protectionism and encourage sustainable growth.
"Everyone can hear you say that it's important to avoid protectionism, but aren't you yourself guilty of encouraging protectionist sentiment?" Cameron demanded.
Second, lump-of-labor thinking -- and the policy paralysis it encourages -- feeds protectionism.
To Rueff a gold-based monetary system was essential to fighting protectionism, encouraging global growth and creating a more peaceful environment.
In his dissenting opinion, Justice Kennedy warned that the decision would encourage the growth of state protectionism and "market inefficiencies".
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