Protectionism

May 27, 2022 // Now that we have entered a new period of geopolitical conflict, protectionism, and regionalism, one wonders whether the cosmopolitan, globalized world of Davos is gone forever. The critical issue looking ahead will be how to maintain global cooperation on global challenges, writes Carl Bildt. Read Full…

With a gauge of global prices already at a record following Russia’s invasion of Ukraine, a spate of nations have moved to curb exports in crops from wheat and sugar to cooking oils, exacerbating security risks for the rest of the world. Bad weather is a concern, too. Still, while…

Malaysia just announced a ban on chicken exports, causing consternation in Singapore, which gets a third of its supplies from there. India has moved to curb wheat and sugar shipments, Indonesia has limited palm oil sales, and some other nations have issued grain quotas. The poorest countries are most vulnerable…

Please try another search EconomyMay 24, 2022 10:46PM ET © Reuters. FILE PHOTO: A worker carries a sack of wheat flour at a World Food Programme food aid distribution center in Sanaa, Yemen February 11, 2020. REUTERS/Khaled Abdullah By Jessica DiNapoli and Dan Burns DAVOS, Switzerland (Reuters) - A growing…

The top shipper imposed a sweeping ban on cooking oil exports, covering palm oil products across the value chain. It’s hard to overstate the importance of the tropical oil as it’s found everywhere today – in food, soap, lipstick and even printing ink – which makes Indonesia’s move important for the world.…

As the war in Ukraine continues to escalate despite global efforts to stop the Russian invasion, United Nations Secretary-General António Guterres on Tuesday stated that people caught up in crisis all across the globe cannot afford to pay the price for Russia-Ukraine's conflict. He further urged that all nations must keep their…

Food security was featured prominently during the Two Sessions that ended on March 11, the country’s most important annual political meeting. Both President Xí Jìnpíng 习近平 and outgoing premier Lǐ Kèqiáng 李克强 highlighted their concerns about keeping China’s food supply secure. One of the slogans that came out of the…

Kirsten Hillman was appointed Canada’s ambassador to the United States during a strikingly different time. It was March 2020. Donald Trump was still the U.S. president, and we were only two weeks into the coronavirus pandemic as declared by the World Health Organization. Two years later, Hillman is cultivating relationships…

This is a great treatise on the dangers of protectionism, the last resort of states desperately trying to compensate for their lack of competitiveness on the global market. South Africa is no exception. Free trade – that is, the opposite of ‘buy-local’ policies – allows consumers to pay less for…

WASHINGTON — Escalating blockades at the Canada-U.S. border are weakening one of the most fragile links in the vital North American supply chain — a link that has nothing to do with transport trucks, highways or bridges. WASHINGTON — Escalating blockades at the Canada-U.S. border are weakening one of the…