Τετάρτη 15 Οκτωβρίου 2008

WTO member countries must resist protectionist demands

Here is an interesting and short article that could be found in a data response(think so)
"In times of slower growth, the temptation is to bring in barriers to imports to safeguard the domestic producers. This is what happened after the Great Depression. The Smoot-Hawley Tariff Act of the 1930’s raised the US Tariffs on 20,000 items that led to a trade war between nations, impoverishing everyone through ‘beggar thy neighbour’ policies."
click here to read the whole article

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