Friday, February 06, 2009
By Fredrik Erixon & Razeen Sally
There seems to be widespread understanding that tariff barriers would deepen the current recession, as they did in the 30s, but there are many non-tariff forms of protectionism that would be just as bad – President Obama only backed down yesterday from his "Buy America" plan. These well-published authors explain why free trade is the only thing that can save us, rich countries and poor countries, as it has done before.