Search: Protectionism (3 materials)

Reforming the WTO is a Long and Complicated Process

... imposes tariffs against them out of “reasons of national security.” As the President of the European Commission Jean-Claude Juncker emphasized, “these unilateral U.S. tariffs are unjustified and at odds with World Trade Organization rules. This is protectionism, pure and simple.” President of France Emmanuel Macron called the U.S. administration’s decision illegal and mistaken. Prime Minister of Canada Justin Trudeau spoke rather sharply at the June 2018 G7 Summit in Quebec calling Washington’s ...


Free Trade or Protectionism: Issue of Strategic Choice

... openness of their domestic markets. Of note is the critique of free trade in works by Erik S. Reinert and J. Stiglitz, which extends an ongoing discussion since the beginning of trade policy debates. In the academic literature, views on the advantages of protectionism versus free trade have been in constant flux. Long before Reinert or Stiglitz, mercantilists argued for the need to rely on protectionism, highlighting trade protection policies exclusively in terms of the need to accumulate domestic resources....


Protectionism in Brazil is Back in Style

... and political leverage, the government is trying to replace imports of essential products with local production on the territory of Brazil, thus facilitating job creation and providing for additional budget revenues. One of the reasons for increasing protectionism is intensifying trade relations with China , which dominates in foreign direct investment and is a major trade partner of Brazil, outpacing the USA and accounting for 75.5 billion USD of the total trade volume with Brazil in 2012. Whereas ...


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  1. Korean Peninsula Crisis Has no Military Solution. How Can It Be Solved?
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