G20 should continue to fight protectionism
Queen's University Policy Studies Professor Robert Wolfe is available to talk about the World Trade Organization's latest report on the threat of trade protectionism, which is due out early next week.
Professor Wolfe expects the report to say that governments around the world are doing a good job of keeping trade open and not resorting to measures that are against trade rules.
"When the full force of the global financial crisis was first felt in 2008 and 2009, the press on both sides of the Atlantic worried about an outbreak of protectionism. The fear was that – as in the Great Depressions of the 1870s and the 1930s – beggar-thy-neighbour policies would inevitably spread. Fortunately, it hasn't,” says Professor Wolfe. “Every G20 summit has promised to avoid protectionism, and Toronto likely will too, as it should. Economic recovery would be hurt by a lapse into protectionism.”
From 1976 to 1995, Professor Wolfe was a foreign service officer with the Canadian Department of Foreign Affairs and International Trade, serving abroad in Dhaka, Bangladesh (1977-79) and in the Canadian Delegation to the Organisation for Economic Co-operation and Development in Paris (1981-85). He started at Queen’s in 1995.
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