Monday, February 9, 2009

Trade is still Good!

As a followup to my last post, here is a story about the WTO and it's worries that nations will drift to protectionism and worsen the already bad world economic situation. I particularly like this sentence:

Trade barriers aiming to defend jobs may deepen the global recession if they make it harder for other countries to sell their goods abroad, as happened when nations closed their markets in the Depression.

I hope there are some politicians who read this blog (although, I guess they probably read the NYT).

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