Opinion Leaders: Burden Lies With China, EU to Fight Rising Tide of Protectionism
International economic cooperation is a positive-sum game, and we all benefit from it. Just 10 years ago, the international community came together to react to the global financial crisis. The decisions of G-20 members to stimulate their economies and refrain from protectionist measures were crucial in avoiding another Great Depression. But that consensus did not last. With the firming of the economic recovery, the sense of urgency for cooperation weakened. Also, not all players followed the rules of the game, as witnessed, for instance, by a sharp increase in protectionist measures.
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