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Trade protection : incipient but worrisome trends (English)

With the global economy teetering on the abyss of severe recession, political pressures demanding protection from import competition to protect employment are surfacing with increasing intensity around the world. However, if there is one lesson from the experience of the 1930s that is suddenly relevant, it is that raising trade barriers merely compounds recessionary forces - and risks pushing the economy into prolonged contraction. For this reason...
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Gamberoni,Elisa; Newfarmer,Richard S..

Trade protection : incipient but worrisome trends (English). Trade note ; no. 37 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/402691468337468579

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