Word: protectionists
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...administration tapped central-bank governor Pridiyathorn Devakula, a respected technocrat who helped extricate Thailand from the 1997 Asian financial crisis, as a top economic advisor. Pridiyathorn spent late last week trying to convince overseas investors that Thailand wouldn't retreat from the global economy or pursue a protectionist agenda. And the health of Thailand's economy, projected to grow by 4% to 5.3% this year, will ultimately hinge on outside factors as well. "Regardless of what government is in power, if oil prices go down next year, then the economy gets a boost," says Supavud Saicheua, an economist at Phatra...
...wont to do, ignores its historical tendency. Ironically, Republicans were among the original conservationists. Their pragmatic environmental policies, pioneered in the early 20th century, have served the nation well until recently. It is that original approach of balanced use of public land—rather than a complete protectionist policy, as some environmentalists advocate—that America must return to.Bush’s ideology bears only the most distant relationship to the original Republican environmental ethos—the conservationism of Gifford Pinchot, a turn-of-the-century Republican who served as the head of the National Forestry...
...Treasury Secretary Henry Paulson has been at pains to ease frictions between the world's two largest trading partners. Despite its ballooning trade deficit with China and the loss of American manufacturing jobs, the U.S. remains a champion of open markets, Paulson said in a speech last Wednesday, noting: "Protectionist policies do not work and the collateral damage from these policies is high. We will not heed the siren songs of protectionism and isolationism...
...heads the Beijing office for the U.S.-China Business Council, says there are good aspects to the changes?for example, they spell out previously unclear procedures for foreign purchases of Chinese companies. But he says some parts of the regulations are "not clear and might be used in a protectionist...
...borrowing rather than lending. But solid growth, low inflation, and high currency reserves in developing nations amounted to a situation that would otherwise be deemed impossible, he concluded. While he expressed confidence that there were opportunities for HMC in emerging markets, El-Erian said he felt that overly protectionist policy by the U.S., policy mistakes by the Federal Open Market Committee, and a hard-landing to the Chinese economy could be problematic for the world’s ‘stable disequilibrium.’ He also said that the US housing market poses a significant risk. El-Erian...