“The development of trade will end protectionism”
Published: 14 November, 2009, 19:00
TAGS: Investment, Manufacturing, Markets, Asia, Russia, Crisis, Politics, Crisis Chronicle, Russia and the global economy, Budget, Economy, Finance
Yury Shcherbanin, an analyst from the Diplomatic Academy in Moscow, thinks that the worst of the crisis is behind, so the growth of production and trade will normalize the global market situation.
“All countries during the economic and financial crisis period in general try to protect, to defend, to control their domestic market,” Shcherbanin said. “Most nations believe the worst of the crisis is past us, so the industrial production supply, the demand has to increase. In these circumstances new trade flows, new cargos, new goods appear. In my opinion, the development of trade will end protectionism. And also, I would like to stress the importance of the WTO meetings, which have to take some positive steps to develop international trade.”
14.11.2009, 18:22
7 comments
Man revenge rapes son’s rapistAn Azerbaijani man has come up with an unorthodox way of getting even with a pedophile who raped his son. He tracked down the rapist, sexually assaulted him on camera, and distributed the footage. |
14.11.2009, 20:26
5 comments
“Together, South and North Stream will bring a new Europe order”On Saturday Russia signed a final agreement with Slovenia paving the way for the South Stream gas pipeline project. Prime Minister Vladimir Putin says all European partners involved are now fully on board. |
