Protectionism

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Friends,

After a week meeting movers and shakers in the USA one thing is clear - the economic realities are truly sombre and the bottom has yet to be reached in terms of slowdown, unemployment and Wall Street.

In such a situation it is natural that politicians are being seen as more reliable than business leaders and the ugly head of protectionism is rearing in various matters of policy and political rhetoric. Let us be prepared for many more pro domestic bills and hope that good sense will prevail and the forces of globalisation continue to work.

The world needs a continuance of free trade and thats not just a selfish view of Indian IT - Governments who fail to learn the lessons of history are often condemned to repeat its mistakes.

Ganesh - California

Published on : 2nd March 2009 09:55:53
Last modified on : 23rd March 2010 09:58:06

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