protectionism

The World Trade Organization has called al any renewed discussions about expanding free trade. No one wants it now that the global economy is sick. Stephen Roach has been warning for months that this would be the likely result of global…

When the going gets tough, the tough turn into populists. Or at least that's what we have seen time and again throughout history. In the 1930s, as the Great Depression was savaging the American Economy, people trembled in fear at the…