Obama has so far managed to talk the talk of free trade, while walking the protectionist walk that appeals to his trade-union bankers
With all 40 of the eyes of G20 finance ministers riveted on bankers’ bonuses and exit strategies from their stimulus packages when they met in London, the issue of creeping protectionism seems to have been ignored, or at least kept out of public sight. Not a bad idea from the point of view of the world leaders due for a follow-up meeting later this month. After all, they unanimously pledged at the previous summits in Washington and London to avoid protectionist measures, then dashed home to adopt a record number of them.
Leave a comment
No comments yet.