It sounded like an exaggeration, the words of a former journalist who hadn’t yet shed her bias toward hyperbole.
“This is this most protectionist period we have been living in,” Canadian Trade Minister Chrystia Freeland, a former writer and editor at Thomson Reuters, the Financial Times and the Globe and Mail, declared during an event at the annual meetings of the IMF and World Bank last week.
She qualified her statement to make sure the audience understood that she assumed no one present had lived through the Great Depression. Still. The Brexit vote and Donald Trump have freaked out the global establishment, yes; one or the other (or both) made its way into virtually every conversation at the meetings. But the most protectionist period in 80 years? With global institutions such as the WTO and the G20 in place? Could it be that bad?
Continue reading at Centre for International Governance Innovation ...