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Montag, 2. Februar 2009

The Coming Trade Wars

The massive intrusion of government into national economics could spark disastrous protectionism.
It's hard to find a top economic official, economist or global business leader who doesn't recognize today's heightened dangers of protectionism. U.K. Prime Minister Gordon Brown recently called protectionism the "road to ruin," HSBC chairman Stephen Green has urged governments to "avoid the protectionist errors of the 1930s" and WTO Director-General Pascal Lamy never misses a chance to warn... more deatils in Newsweek here...

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