February 11, 2009
Plummeting global economies are taking world trade and industrial production along for the ride. No surprise, then, that the IMF projects total world trade to contract 2.8% in 2009. The surprise is the swift and spreading embrace of protectionist policies in reaction to this economic crisis.

Soon to join recent Russian, Indian and Vietnamese tariffs is the “Buy American” clause contained in the forthcoming U.S. stimulus bill. If a mere 2.8% decline in world trade, compared to the 66% drop from 1929 to 1934, can spark the erection of trade barriers, is a rerun of the trade war set off by the U.S. Smoot-Hawley Tariff Act in 1930 far behind? 

As nations revert to the disastrous ”beggar thy neighbor” trade policies of the Great Depression, it’s time to take “protectionist” action of your own to safeguard your investments. In our newsletter that is truly Without Borders, editors Simon Black and Fitzroy McLean leave no aisle seat unfilled as they traverse the globe in search of the best investing opportunities. Take the first step in diversifying your portfolio and internationalizing your lifestyle with a subscription to Without Borders.

Subscribe today and you can enjoy the first three months with our no-risk trial subscription. Click here for details.

 
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