IMF research summaries on (1) oil market developments and the global economy (by Selim Elekdag), and (2) credit booms (by Marco Terrones); country study on India (by Helene Poirson); call for papers for November 2007 Jacques Polak Eighth Annual Research Conference; listing of contents of Vol. 54, Issue No. 2 of IMF Staff Papers; listing of recent IMF Working Papers; and listing of visiting scholars at the IMF during April-June 2007
International Monetary Fund. External Relations Dept.
This paper examines the policy of protectionism in world trade. It reviews alternatives to trade restrictions, factors influencing trade policies, and implications of protection for developing countries. The paper highlights that the rise in protectionist pressures is worrisome, because the likelihood of chain reactions toward more protectionism generated by individual restrictive actions is greatest in a setting of slow economic growth and highly interdependent economies. The paper also analyzes capital utilization in the manufacturing enterprises.