Back to the bad old days?; The return of protectionism
Jun 5th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
A Deutsche Bank Research report published on Thursday, says in times of financial and economic crisis, protectionist tendencies threaten to exacerbate the slump in world trade, which is set to fall by as much as 15% in 2009 – the first decline since 1982. It says this is compounded by tendencies to close off markets at the national level, threatening to inflame the situation.