Word: protectionists
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...remained relatively low, and very few people lost their lives. And as our seniors prepared to don their caps for Commencement, those who hailed from overseas and abroad confronted one of the most challenging job markets in recent history, made even more difficult by the passage of counterproductive and protectionist legislation that limited the job prospects of those who hoped to go into the financial services industry after graduation.In retrospect, this past year has been a period of painful transition and much-needed change. With all of the numerous challenges that the Obama administration and the United States...
...Great Depression started out with a stock market bubble that burst in 1929, as the world was going into a nice recession. Then the government started making mistakes. They passed the Smoot-Hawley tariff, they raised taxes, they became very protectionist, and the next thing you know we had the Great Depression. In Europe they made solvent banks take over insolvent banks with the result that both [kinds of] banks failed. This has all been done before. History is - I don't like saying it, but it's repeating itself. Governments are making the same old mistakes...
...left a legacy that took us decades to remove,” he said. Lawrence added that despite the depth of the global recession, he remained optimistic about the decisions that national leaders have made about trade. “Almost every global leader has pledged to avoid protectionist actions and I think that reflects a change in intellectual mindset,” he said. The event, organized by the Harvard International Relations Council as part of their “International Relations Week,” attracted only a handful of students to Ticknor Lounge. The IRC has seven...
...Washington Every Country for Itself Despite a pledge not to enact new protectionist policies--which economists say could worsen the global recession--17 of the G-20 countries have implemented such measures in recent months, according to the World Bank. Individual nations' attempts to preserve jobs and industries through tariffs or subsidies "can lead to a negative spiral of events," according to the bank's president. In its report, the bank says 47 separate isolationist measures have been put in place since November...
...sampling of new protectionist measures...