Saturday, January 31, 2009

My Way News - At Davos forum, leaders urge continued free trade
AP reports: "Global leaders had a simple message for the world on Saturday: Keep trading. If nations instead choose to barricade their economies behind new commercial barriers, they risk making the global economic crisis even worse, leaders said."

Comment: This will be a true test of the durability of globalization. If President Obama and other leaders of industrialized nations adopt protectionist policies, then the rising (and prophetically necessary) tide of globalization will be set back for years, if not generations.

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