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World Bank says protection on the rise


The Washington Post reports on a new World Bank study (a summary is here) showing that 17 members of the G20 had enacted measures to limit imports. The Post writes,

The report underscores a "worrying" trend toward protectionism as countries rush to shield their ailing domestic industries during the global economic crisis. It comes one day after Mexico vowed to slap new restrictions on 90 U.S. products. That action is being taken in retaliation against Washington for canceling a program that allowed Mexican truck drivers the right to transport goods across the United States, illustrating the tit-for-tat responses that ...

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