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Their collective $50 billion in foreign aid does not begin to make up for the damage from this protectionism.
This protectionism is far removed from the economic realities of the past two decades – India has been one of the clear winners of globalization.
As the government this week announced the sale of 15% of Electricité de France (EDF), the energy utility, Mr Fabius vowed to renationalise it.Why all this protectionism?
"There is so much danger of giving impetus to this protectionism [he almost spits the word] that will spread into things like migration.
State governments have been looking out for local businesses since way back — in the nineteenth century, they forced travelling salesmen to pay extortionate fees — and they haven't minded too much when this protectionism comes at the expense of consumers.
Americans also will pay higher prices for washing machines made domestically by Whirlpool, which sought this protectionism, from which it instantly profited: In Monday's after-hours trading, Whirlpool's stock rose 3percentt.
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This intellectual protectionism, this nostalgic self-delusion, is not confined to Europe's sleazy rightwing enclaves.
Is this ugly protectionism or a measure of public sanity?
In this case, protectionism may have gotten the upper hand.
But I think at this point protectionism is off the table.(Photo credit: AFP).
In the long run this climate protectionism could hurt not only trade but also the environment.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com