Good letter from Edin Mujagic in today’s Financial Times highlighting the widespread implementation of protectionist policies in the wake of the global financial crisis;
 
“Just last month, the Centre for Economic Policy Research in London published its third Global Trade Alert, which measures the rise of protectionism in the world. Its conclusions are frightening. Among the worst offenders are China, India, Russia, the UK, the US, Argentina and the European Union…”
 
“All of them have already taken measures that affect more than 100 of their trading partners, meaning basically the entire world. Moreover, there are hardly any sectors and product groups left that are not affected by recent protectionist measures.”
 
According to Global Trade Alert, the European Union alone is responsible for implementing 89 protectionist measures in 2009, including extending the infamous shoe tax. 
 
Read Edin’s full letter here: