Holy See diplomat criticizes protectionism
Catholic World News - December 20, 2011
Addressing a conference of the World Trade Organization, a leading Holy See diplomat called upon the wealthy nations to shun protectionism and open up their markets to goods from poorer nations.
“Evidence from the recent financial crisis has shown us that trade has been an effective tool in helping a rapid recovery,” said Archbishop Silvano Tomasi. “Now the primary challenge WTO faces is to sustain this approach and discourage countries to give in to the temptation of protectionism that promises to deliver some illusory short-run benefits while preventing more conspicuous long-term gains.”
“An additional burden could be imposed on the shoulders of the young and of the poor if they are deprived of such an effective tool for improving the economy as an open trade,” he added.
An appeal from our founder, Dr. Jeffrey Mirus:
Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!
Progress toward our July expenses ($8,418 to go):
All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!