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June 4, 2009
Ever since the global financial crisis spilled over to the real economy, the WTO and the World Bank have reported huge increases in protectionist measures, including non-tariff barriers to trade and the abuse of anti-dumping measures, subsidisation of national industries or, very lately, calls to favour domestic products and companies, and restrictions on international capital flows or immigration. These factors threaten to unleash a spiral of protectionism that perhaps may not choke off the global recovery, but it will partly delay its progress. Therefore, shoring up open markets and free trade is the next major challenge in a globally coordinated drive to cope with the crisis. [more]
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