Politicians in Europe and America have been especially vocal about the dangers of protectionism in recent months. Even so, many Asian firms feel that barriers are gradually rising against them. Tighter environmental laws, "place of origin" rules and other new regulations are being introduced in America and Europe, they complain. The costs of complying with these regulations make Asian rice, furniture and toys less competitive. As Asian exports continue to collapse, the region is responding in kind.
Source: The Economist
Enjoy curated articles directly to your inbox.