chapter  3
14 Pages

Protectionism and Neo-imperialism

Chapter 2 – represent a major challenge for today’s foreign investors, even in

a world where FDI is in shorter supply than it once was and where there is

increasing demand. When the G20 met in Canada in June 2010, the leaders

pledged to combat and resist protectionism by not imposing new trade and

investment barriers or raising existing ones. However, a research report on

‘G20 Protection in the Wake of the Great Recession’ produced later that

month by the Washington, DC-based Peterson Institute for International

Economics (PIIE) stated that G20 countries had ‘hundreds of protectionist

measures “in the pipeline”, ready for implementation’,1 and concluded that

the global economy would be confronted with a major protectionist problem

even if only half of those measures were implemented.