Protectionism and Deglobalization
Over at New Atlanticist, I’ve finally posted “Protectionism Wave Crashing Over Global Economy,” a piece I’ve been noodling all week that eventually became a long roundup article. The conclusion:
The coming months will be a major test of our global financial institutions. Free trade has been on the march, with the occasional hiccup, since the end of World War II and the long march from GATT to WTO. More recently, regional free trade areas have grown in both number and scope. But, as the late U.S. House Speaker Tip O’Neill told us, all politics is local. I’m not optimistic of totally holding back the tide of protectionist sentiment.
Much more at the link.