Countries looking after their own first

National Post

Janet Whitman
March 27, 2009

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NEW YORK -- At the end of a weekend spent huddling at an emergency financial summit in Washington, back in November, leaders of the world's largest economies emerged with a promise to push back against any move to raise international trade barriers.

The pledge proved short-lived.

No less than 17 of the Group of 20 major economies at the meeting have since implemented measures to restrict trade, according to a recent tally from World Bank economists.

The move toward protectionism, even from nations that only months ago preached against it, is becoming increasingly hard to resist as the global recession …

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