Going in too strong also carries other risks, including a protectionist backlash.
It should be noted that a quota system is always protectionist and provides no revenue to the country.
To the objection that such a policy would be protectionist, a violation of the principles of free trade, one reply is, So?
Other downside risks relate to the possibility of renewed increases in highly volatile energy and food prices, disorderly developments owing to global imbalances, and rising protectionist pressures.
But a surly, protectionist Britain would be worse.
They warned that countries should do their utmost to avoid protectionist policies in response to the global financial crisis.
The latest draft of the directive is “not protectionist”, he says, it just “sounds nice” in Britain to say it is.
WHEN an infamous summit of world powers in London ended in 1933, such was the mood of protectionist acrimony that many argued it would have been better if the meeting had not been held at all.
The growing protectionist sentiment in the us and Europe is particularly noisome because it reeks of so much hypocrisy.
But that would require strong Japanese leaders, able both to defy nationalists and protectionist farmers at home and to offer evidence of repentance abroad.
Now that the Conservatives have joined the protectionist bandwagon, investors have lost their chief ally in Ottawa.
We must guard against and redress all forms of covert protectionist activities.
European politicians routinely bash bankers, vow to subsidise national champions, talk fiercely about immigration and seem to promise protectionist wheezes to shield local jobs.
Their findings do not support the shrill protectionist rhetoric.
