mexico hydrocarbons supplement 2 - hss 2013

8/9/2019 Mexico Hydrocarbons Supplement 2 - HSS 2013

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Protectionism Impact D

Current collaboration solves protectionism – US/ChineseinitiativesXinhua, 6/9/13. Xinhuanet “Xi, Obama reafrm opposition to tradeprotectionism.” http://english.peopledaily.com.cn/9!!3/!"#9$9.html % cla&an'nited (tates, )une ! *Xinhua+ Chinese President Xi Jinpin and his U!S! counterpart"arac# $bama on Saturda% rea&rmed their commitment to trade andinvestment liberali'ation, and opposition to trade protectionism, said -hinese(tate -ouncilor ang )iechi. uring their second meeting at (unnylands estate, -ali0ornia, the t(o leadersdevoted much o) their tal#s to economic ties, &hich they agreed hae ast space and hugepotential 0or 0urther gro&th, ang told reporters. *he t(o sides also areed to maintaincoordination and cooperation under the )rame(or#s li#e the + roup o0 -, the2sia aci4c 5conomic -ooperation *25-+ 0orum, improe global economic goernance, and 6ointly promotethe stron, sustainable and balanced ro(th o) lobal econom%. 7hey o&ed toe8ert the 0unctions o0 e8isting mechanisms such as the -hina'.(. (trategic and 5conomic ialogue, -hina'.(. )oint -ommission on -ommerce and 7rade, and the -hina'.(. oernors orum to enhance policy coordination andpragmatic cooperation. ;oth sides hailed the recentlyheld 9th round o0 negotiations on a bilateral inestmentaccord and agreed to create 0air, transparent and stable policy 0rame&or


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has slo&ed or stalled in nearly eery region o0 the &orld. 7rade e8perts say that goernments I particularly indeeloping and emerging economies that rely heaily on e8ports to 0uel their gro&th I hae 0elt pressure toprotect their domestic industries and started inhibiting 0oreign competition to compensate. “oernments are0acing particularly difcult economic conditions domestically,” the =orld 7rade OrganiGation, based in enea, saidin its report. “7hey must resist the temptation to moe to&ard more nationalistic and in&ardloo


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and a lac# o) trade credits! 4e also continue to be presented (ith a )alsedichotom% 55 )ree trade versus protectionism! 4hat (e actuall% need is anuanced anal%sis o) (here on the )ree trade/protectionism scale indiidual nationsneed and &ant to be positioned, and &hat the implications o0 that &ould be. 7he ability to openly hae thisdiscussion is particularly ital at a time &hen countries are under huge pressure 0rom their electorates to protect 6obs and businesses, and create compelling narraties about their o&n recoery. 7his is especially important gienthat, &hen used speci4cally and 0or a limited time, as (&eden and )apan did in the a0termath o0 the 19#s oil

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. Dodd5@ran# .ddon

Small businesses aren0t #e% to the econom% and lon5termstructural issues over(helm Dodd @ran# impact"ernstein, 011! )ared ;ernstein is a (enior ello& at the -enter on ;udget andolicy riorities. rom "9 to "11, ;ernstein &as the -hie0 5conomist and5conomic 2diser to Wice resident )oseph ;iden in the Obama 2dministration.October "3, "11. “(mall BsnHt 2l&ays ;eauti0ul” ?7imes.http://&&&.nytimes.com/"11/1/"/opinion/smallbusinessesarentEstory.html % cla&an20ter a &orld&ide 4nancial meltdo&n I and a Y# billion ta8payer0unded bailout I the need 0or commonsense

4nancial re0orms &as clear. ;ut no&, even thouh the =all (treet Ce0orm and -onsumer rotection 2ct o0


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"1 *ob5#illin uncertaint%!< In )act, it (as theuncertaint% inherent in a non5transparent and rec#less :nancial s%stemthat made Dodd5@ran# necessar% in the :rst place! 7he truth is that thiscatastrophe (as %ears in the ma#in caused b% reulator% nelect and4all Street amblin. =e canHt e8pect to rebuild our prosperity oernight, but &e canHt rebuild it at all i0&e let 0alse political tal


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provisions, repealin it (ould return us to a time in (hich nobod% I notconsumers, not regulators, not een other ban

mexico hydrocarbons supplement 2 - hss 2013

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