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Trade protection, the new engine of global economic growth threat

ayer), said politicians are now wielding the big stick of trade protection will actually hurt themselves. He said that now the brightest prospects in emerging markets, because the Western European countries still lack confidence in the future, and their leaders can not make a determined effort to make the choice to promote the economic upturn. Last week, the European Parliament adopted a liberalization of services greatly reduced the legislation provides that States may retain the services of the barriers. On the other hand, Russia and other emerging European markets has been the contribution of global demand in relative obscurity. The region's total imports in 2005 about 15% higher than that of China, amounting to 7,160 billion U.S. dollars. Since the fall of the Berlin Wall in 1989, the region's imports increased by 4 times. Of course, growth in global demand of oil also played an important role,[link widoczny dla zalogowanych], it boosted Russia, Latin America and the Middle East needs. 9 months 2005, the latter two regions, respectively,[link widoczny dla zalogowanych], imports increased by 15% and 19%. There is a more important event: the process of globalization is entering a new phase. In 1990 the Soviet Union and the reunification of Germany marked the beginning of the first phase of globalization. After the opening of Eastern Europe, Latin America, privatization started in India through financial crisis in 1991 and China in the 80's economy began to take off after the reform and opening up. China, India and Eastern Europe and other mature markets and their integration into the global economic system means that the arrival of the second phase of globalization. These countries and regions, people's incomes increase, consumption will also increases. Consumers like China and Eastern Europe, famous, and when the lung power consumption is also greater. Of course, there are potential threats, last week,[link widoczny dla zalogowanych], the first time in 2005 on China to become a net exporter of automotive news of the threat will be exposed at a glance. Growth in domestic demand car manufacturers which laid the basis for survival and development of the firm to buy. Emerging markets not only improves the consumer's income, but also those who make progress and growth, European and American counterparts who wish to challenge the strength of the enterprise. With strength, they will attack the markets of developed countries, compressed margins, International Economic Review, 20 overseas trend in some cases also lead to excess supply. Congress was powerless to prevent the rise of these companies, untimely trade war demand in emerging markets will slow the process of balancing the global economy. General Motors and Boeing, as the Chinese market, the largest opportunities for development and McDonald's (McDonald) set up in Beijing for . Quinlan said, Yesterday, the first public appearance as Fed chairman Ben Bernanke told Congress that while there is the real estate market cooling and the risk of high oil prices, the U.S. economy started the year strong, and may perform well in the coming months. In his famous predecessor, Alan Greenspan retired just two weeks after Bernanke's remarks show that, in order to control inflation, Fed officials next month to raise their benchmark short-term interest rates to further enhance the possibility. Bernanke told the House Banking Committee said: Bernanke once again that he will continue Greenspan's policy, but the practice was different from his predecessor is that Bernanke did not use the opportunity to appear before Congress, the tax revenue, expenses and other financial issues to make recommendations to Congress. Greenspan urged Congress last year,[link widoczny dla zalogowanych], has repeatedly cut federal spending, making the recent tax cuts permanent, reduce the deficit, the creation of private Social Security investment accounts,[link widoczny dla zalogowanych], reduce government benefits for future retirees promise. Public comments he made in the past who helped President Clinton's budget plan in 1993, and President Bush's tax cuts in 2001, was adopted. Greenspan's comments on these issues has been his colleagues and others worry that the Fed may be bound to the public his personal views and the position of the Central Bank of criticism of those who confused. Fed should remain politically independent. Bernanke For questions about these similar topics avoided. Served as Bush's Council of Economic Advisers Chairman Ben Bernanke said, Only 5 months ago, when he speaks for the government, the Bernanke asked Congress to postpone these policies. In answer to the federal budget deficit is reflected in excessive government spending or tax shortfall, the Overseas Economic Review 2l Bernanke