The leaders of rich countries are together in Italy to discuss the economic situation. The whole world got some difficulties with their economy so they all got the same economic concerns.
They all have different economic models or economic systems so it would be good if they can discuss the economic situation with some different views. It also would be good if they might listen to leaders from China, India, Brazil, Mexico and South Africa. Because it’s a world wide crisis and every country got another view on it. The G8 also need to know that the economic problems won’t be solved unless the rest of the world’s are too. Only when there is confidence it the whole world we can come out of this crisis.
Robert Zoellick, the World Bank president, and Pascal Lamy, head of the World Trade Organization wrote a letter to the G8. They want to warn them for protectionism. They don’t like what they see on this moment, there are a lot of people who say that it’s the end of the recession and that’s to early according Zoellick and Lamy. Because the economy still need to be stimulated word wide.
Protectionism is a risk to world trade, it’s still a threat and a terrible disease according to Zoellick and Lamy.
I think protectionism is a danger for the economy in these days. Ofcourse I understand there point of view, you have to protect your own economy but I think that you can protect your economy with help of other countries. We need to talk to each other to find a solution for our economy. For example: when Germany invest a lot of money to hold their Opel manufacturers open, this would be negative for the Belgian economy, and off course also the European economy.
Europe is also stronger than only the Belgian economy, we learned to be less independent from America during this crisis and if you cooperate with whole Europe it would be possible to be less independent from America.
I agree that protectionism is not good for the economy, it never is.
BeantwoordenVerwijderenI can see why they want to protect their own products, but international trade is also important. It can help to restore the world economy.