Protectionism: Pantomime villain fails to materialise

If comparisons between the state of the world economy and the Great Depression are a useful indicator of how the recovery is progressing, ministers and central bankers from the world’s leading economies should be feeling a lot better than a year ago...

...With protectionist rhetoric becoming increasingly prevalent, there was real concern that the world could soon see a return to the out-and-out protectionism of the Great Depression...

...Simon Evenett, a professor at St Gallen University in Switzerland, runs a monitoring service called Global Trade Alert and differs sharply from the assessments of the WTO and others...

http://www.ft.com/cms/s/0/95e785da-7d8c-11df-a0f5-00144feabdc0,dwp_uuid=34d69372...