Word: protectionists
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Dates: during 2000-2009
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...reduced demand and financial flows explain the immediate cause of the downturn in trade, a different - and potentially more damaging - specter looms: the return of protectionism. In a recent report, the World Bank found that although the G-20 nations pledged themselves to avoid protectionist measures when they met in Washington last November, no fewer than 17 of them have, since then, "implemented measures whose effect is to restrict trade at the expense of other countries...
...With the world economy being so unstable and the Mexican peso falling, it is crazy to get into this protectionist trade dispute now," says Representative Edmundo Ramirez of Mexico's former ruling Institutional Revolutionary Party. "Our governments should be sitting down and negotiating solutions, not slapping on retaliatory measures." (See pictures of the Great Wall of America rising on the Mexican border...
Down in Mexico, the administration of President Felipe Calderón accused the U.S. of being hypocritical and protectionist. It has a strong case. Under NAFTA, Mexican trucks were meant to be roaming some U.S. roads in 1995 and the width and breadth of the whole country by 2000. However, successive U.S. administrations could not say no to Teamster complaints that Mexican trucks were not fit for the interstates. Finally, both sides agreed on the pilot program to break the deadlock...
...consider that the United States is mistaken, protectionist and clearly violating the treaty," Mexico's Economy Secretary, Gerardo Ruiz Mateos, told a news conference on March 16. "To decide to protect their own transport sector, they have decided to affect the competitiveness of our countries and of the region, impacting many other productive sectors." (Read a story about the new world sprouting on both sides of the U.S.-Mexico frontier...
Jingoism is in the air. You can smell it in the halls of Congress, where pandering politicians wax patriotic while inserting protectionist measures into recovery legislation. But you can also find it wafting from the eggplant parmesan in Harvard’s dining halls, which have adopted a rash of interhouse restrictions that make things dicey for those not lucky enough to sport an Adams sticker on their ID cards...