Mr Khan on 06 September 2009
Protectionism can work in favor of the poorer countries, too. A lack of protectionism nearly bankrupted Jamaica's banana business, for instance. The IMF required Jamaica to open up its banana market if they wanted to get IMF money, so Jamaica had to, and then the American banana companies annihilated them, crushing a large part of Jamaica's domestic market
The WTO is no benevolent figure, and neither are the IMF and the World Bank. This anti-protectionism is often just an effort to force poorer countries into more submissive positions by default, while institutions like the US and EU continue to do as they more or less please.
Monster Hunter: pissing me off since 2010.
