Within three days of promising not to impose further tariffs, Russia and India raised them to protect domestic industries. Russia also tightened import quotas while the EU imposed anti-dumping duties. Creeping protectionism seriously threatens the global economy.
Thursday, November 20, 2008
Creeping Smoot-Hawleyism
"Creeping Smoot-Hawleyism may deepen recession" By Martin Hutchinson:
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