The economic argument against protectionism

Article source
Devex

CANBERRA — Nationalism and protectionism are growing globally. In September, an extremist far-right party took seats in the German parliament for the first time since World War II. It followed historic results for the far-right in the Netherlands, Denmark and Hungary. In France, neither of the traditional parties made the election runoff. In a period of just over two years, between 2013 and 2015, Australia had four prime ministers and trust in politicians was at a record low.

Facing inward on matters of politics has become the focus of the growing far-right parties and distrust of foreigners and foreign investment, and lack of support for foreign aid have been outcomes of protectionist policies.

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