Monday, March 16, 2009

The protectionist temptation: Lessons from the Great Depression for today

Barry Eichengreen Douglas Irwin
17 March 2009


What do we know about the spread of protectionism during the Great Depression and what are the implications for today’s crisis? This column says the lesson is that countries should coordinate their fiscal and monetary measures. If some do and some don’t, the trade policy consequences could once again be most unfortunate.

http://www.voxeu.org/index.php?q=node/3280

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