UK's Brown warns against global protectionism
11 November 2008
UK's Brown warns against global protectionism
This article is excerpted from the 10 November 2008 edition of “The Journal of Commerce”.
The international financial crisis has given world leaders a unique opportunity to create “a truly global society” based on free trade, said Prime Minister Gordon Brown….
… Brown warned against global protectionism, and said that Britain, the United States and Europe will play a key role in creating a new world order. …
He urged the rejection of “beggar-thy-neighbor protectionism that has been a feature in transforming past crises into deep recessions.
“My message is that we must be: internationalist not protectionist; interventionist not neutral; progressive not reactive; and forward looking not frozen by events. We can seize the moment and in doing so build a truly global society.”