French President Nicolas Sarkozy recently uttered a surprising statement …. “The word 'protection' is no longer taboo." For the last 50 years the West has signed up to the concept of free trade – and the efficiency and productivity that comes with it. This is what has fuelled Western economies and well-being. Ironically as the West gets more cautious and more protectionist, the East is gaining free trade momentum.
Is the attitude of Western politicians a response to a wider range of aspirations amongst the public ... or is the West is just getting frightened of the competition to come.
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