Issues in Trade and strongProtectionismstrong.pdfVIP

Issues in Trade and Protectionism Dean Baker November 2009* Center for Economic and Policy Research 1611 Connecticut Avenue, NW, Suite 400 Washington, D.C. 20009 202-293-5380 *This report is a revised version of a presentation given at the World Knowledge Forum in Seoul, Korea on October 14, 2009. CEPR Issues in Trade and Protectionism i Contents Introduction1 The Short Term Picture1 The Longer Term Trade Picture4 Intellectual Property4 Professional Barriers 7 About the Author Dean Baker is an economist and Co-Director of the enter for Economic and Policy Research in Washington, D.C. CEPR Issues in Trade and Protectionism 1 Introduction There is widespread concern that the United States and the rest of the world are descending into a round of protectionism and a trade war reminiscent of what the world experienced in the Great Depression. Such concerns are both overblown and misplaced. In the short term, the main concern in the United States and rest of the world should be to promote an increase in demand through whatever means necessary