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What's the problem with protectionism

Geoff Riley

16th July 2016

In this hugely pertinent short essay, US economist Barry Eichengreen argues that protectionist policies such as import tariffs might not actually be bad macro policy at a time of a deflationary liquidity trap - but that the risks of beggar-thy-neighbour retaliation are just as severe and utterly bad politics at a time when global coordination is needed more than ever before.

Read his piece published here in the Guardian

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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