Word: protectionists
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Dates: during 2000-2009
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...Just how protectionist will Europe get as the recession bites? So far, there's no obvious answer to that important question. Some European leaders have expressed concern about the region's protectionist reflexes, while others are already talking about ways to fence in their economies. In a few special cases, leaders appear to be doing both...
That's unlikely to prevent the protectionist winds blowing elsewhere, though. Last week's massive strikes in France, for example, were motivated by demands that the government do more to protect public- and private-sector jobs threatened by both recession and economic reforms. Polls showed that nearly 70% of the public supported the demonstrations; new surveys show that more than 61% of people back renewed strikes this month...
...Germany, a recent study by Ernst & Young indicated that 78% of small- and medium-size companies favor the state embracing "protectionist measures" to shield them from the global recession - up from 43% a year ago. The cause of concern is clear: despite the government's passage of a $65 billion stimulus package, Germany entered its third straight quarter of recession in January. This month, German unemployment shot to 8.3%, from 7.4% in December. (See which country has the best bailout plan...
Still, many in Europe remain wary of the potential ramifications of a shift back to protectionist policies. When the U.S. House of Representatives added a protectionist clause to President Barack Obama's proposed $819 billion stimulus package last week, Europe cried foul. The clause would require infrastructure projects covered under the plan to use American-made steel. Moves are also afoot in the Senate to extend that "buy American" steel requirement to other construction materials covered by the package - causing tempers to flare in Europe. "A dangerous new steel war is looming, and we need to counter it with strong...
...American virtues into the fabric of his urgent priorities. "In the 21st century," he said, "security and prosperity at home depend on the expansion of liberty abroad." This was one more formulation of Bush's central philosophy, which he said is threatened by the rise of an isolationist and protectionist mood. "If America does not lead the cause of freedom," he continued, "that cause will...