Why is India Inc protectionist?
Post 1991, imports were significantly liberalised and duties brought down. But in recent years, India has reversed its two-and-a-half decade-old policy of tariff reduction to favouring protectionism. Import substitution is…
Chinese businesses in Europe are concerned about calls for decoupling and the rise of protectionism
Rising demand for decoupling and the threat of trade protectionism have worried Chinese businesses doing business in the EU, and a recent report indicates trade confidence has hit a three-year…
The golden age of globalization is clearly over, says Singapore’s Deputy Prime Minister Lawrence Wong
The golden age of globalization has ended and a fundamental change to the way the world works is underway, said Singapore’s Deputy Prime Minister and Minister for Finance Lawrence Wong. “Remember the…
“Globalization is (Almost) Dead” – New Book by FT Columnist Rana Faroohar Explains Why
Economists like to think reality can be captured in mathematical formulas. They plug in numbers about all sorts of complicated things – how we work, what we spend – creating…
Ideology-skewed industrial subsidies taken by US, Western countries will not succeed: former finance minister
In this Global Times article, China’s former Minister of Finance Lou Jiwei says, “Trade protectionism will not solve any problem, and trade protectionism itself is the problem,” noting that the…
China takes aim at Quad, also says no country should abuse power to bully others
The Quad, made up of India, the US, Japan and Australia, is committed to security in the Indo-Pacific region and cooperation on development and has been criticised by China, and…
Canadian business wary of growing protectionism in U.S. as midterm elections loom
The growth of a protectionist mindset and policy south of the border is front of mind for Perrin Beatty, president and CEO of the Canadian Chamber of Commerce, as the…
Putin Hopes West to Stop Using Protectionism and Sanctions
“Our policy is devoid of any selfishness, we hope that other participants in economic cooperation will build a policy on the same principles, stop using the tools of protectionism, illegal…
What We Need and Definitely Don’t Need from the Indo-Pacific Economic Framework
We’ve known for decades that countries like Japan and Korea manage their economies to export, preferably to the U.S., and control their own imports tightly to make it very hard…
Chinese Manufacturers Get Around US Tariffs With Some Help From Mexico
Located in a prime spot between Mexico’s industrial capital and the US border, Hofusan has become a haven for Chinese manufacturers looking to sidestep US tariffs and shorten supply chains…