Wanted: Jubilee 2010 Against Protectionism
(with Jagdish Bhagwati) (A shorter version published in the Financial Times) The recent castigation of rich-country protectionism by the heads of international agencies and in the media, while welcome, is little more than a reiteration of the obvious. But unaccompanied by a simultaneous focus on the protectionism of the poor countries, it has led to an encouragement of a number of fallacies that pose serious threat to the making of good trade policy in the poor countries. It also raises the important question: what can we do to effectively begin to dismantle this protectionism? We bring to light the fallacies and suggest a Jubilee 2010 movement to end protectionism in the rich countries.