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For its part, America will need to prevent legitimate domestic calls for basic fairness in trading practices to become a pretext for harmful protectionism, work toward balancing its budget, and support a stronger Asian voice in the United Nations Security Council, in an expanded G-8 and in the international financial institutions particularly the International Monetary Fund.
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The author also said that protectionism works in an educative way, so countries, after getting the know-how using protectionist practices, will be able to act safely in international trade.
In contrast, Oliveira (2007) explains that Friedrich argues that protectionism works as an instrument to achieve the construction and development of a strong nation that can make businesses in an active free trade scenario.
This protectionism worked so well that Edmund Morris writes in Theodore Rex that after a hundred years the Colony was "$25 billion richer" than the Mother Country.
MATT YGLESIAS spots an interesting story of protectionism at work:Today's Washington Post has a fascinating piece by Peter Whoriskey about the last factory in America that makes ironing boards.
In a region where nationalism and protectionism still work to defend national flag carriers, Chile is also unusual in having an open-skies policy, which LanChile officials say has forced them to be more efficient in managing labor and fuel costs.
There is also a bit of protectionism at work.
What is going on here is nothing less than protectionism applied to work that has been publicly funded, coupled with a barely disguised contempt for the lay audience.
Leaders were counting on trade to be the straightforward part of the summit, but if they think fighting protectionism is easy work, then they aren't doing enough.
Indeed, said Laura Tyson, business professor from California, former dean of the London Business School, and adviser to one of the Democratic presidential candidates (almost certainly Hillary), at a lecture in the Treasury last night, it remains true that globalisation cannot be stopped and protectionism will not work.
"We belong together, and protectionism does not work.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com