Posted by Matt in June 9th, 2009 |
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Published in
China,
Economy,
American Exports,
Argentina,
Brazil,
Distortions,
Emerging Market Economies,
European Union,
Export Subsidies,
Fiscal Stimulus,
Government Procurement,
India,
Indonesia,
International Trade,
Licensing Requirements,
Mercantilism,
Mexican Trucks,
New Mercantilism,
Pledge,
Retaliation,
Russia,
summit,
Tariffs
The “new mercantilism” takes many forms. Despite their pledge at the first G-20 summit last fall, most of its members have erected new distortions to international trade. A number of major emerging-market economies (including Brazil, India and Russia) have raised tariffs. Argentina and Indonesia have imposed new licensing requirements on imports. The European Union and [...]
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