Perhaps the most distressing element of the current recession is the way in which it has emboldened protectionists. Until recently, protectionist union leaders and antiglobalization anarchists were restricted to the fringes of business and policy making. But the Great Recession has given these people a degree of respectability not seen since the ’70s. What’s going on? More importantly, what are the long- and short-term implications? We’ll provide the answers.
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