Business Standard (India)
October 13, 2009
Abstract
There was a dog that didn’t bark during the financial crisis: protectionism. Despite much hue and cry about it, governments have, in fact, imposed remarkably few trade barriers on imports. Indeed, the world economy remains as open as it was before the crisis struck.
Protectionism normally thrives in times of economic peril. Confronted by economic decline and rising unemployment, governments are much more likely to pay attention to domestic pressure groups than to upholding their international obligations.
Citation
Rodrik, Dani. "The Myth of Rising Protectionism." Business Standard (India), October 13, 2009.