Posts Tagged protectionism
Funding for Emerging Markets
A big difference between the current economic crisis and other post World War II downturns is that there are no safe shores now. In 1998, when the Asian financial crisis knocked emerging market economies there was still a great deal of liquidity in the World as well as plenty of markets for exports. This is [...]
Emerging Protectionism in Emerging Markets?
One of the primary factors that changed a recession into the Depression of the 1930s, was protectionist legislation enacted in the United States. This set off retaliatory moves by other nations that led to catastrophic reductions in global trade. Ultimately, protectionism combined with increased taxation, pushed the World into Depression as well prolonged it until [...]