Protectionism Watch: East vs. West

Alex Evans, writing at Global Dashboard, flags the declines in net private capital flows to emerging markets as a form of hidden protectionism: These are precipitous declines — and the reason that theyconstitute protectionism is because developed country policymakers havebeen putting pressure on their banks to curtail to poorer countries,which are seen as riskier investments. Meanwhile, Le Monde flags the rising “Buy Chinese” sentiment in China, as domestic firms vie with foreign competitors for economic stimulus contracts: At the same time that foreign groups counted on the significant infrastructure spending anticipated in the government’s stimulus plan, a dozen state agencies […]