Protectionism the synonym for Free Trade?

Protectionism should be the last word in the lexicon of a country which is supposed to be the most developed economy in the world.Seems they are yet to learn their lessons in spite of the recession which is gradually subsiding and supposed to be the biggest since the great depression.Proponents of free trade especially to the emerging economies namely the BRIC nations are now eating their own words only to save their own skin from the domestic audience.Creating barriers in the form of banning government outsourcing contracts citing a silly excuse like boosting up of local employment/reducing umemployment or hiking up the fees for H1 visas are wishful thinking to say the least.For every job outsourced to an emerging nation the developed nation generates at least three jobs directly and indirectly in their own backyard and what about the foreign exchange they earn in the whole business process, which is substantial enough.China is probably the only country which has taken the bull by the horns.They have a tit for tat measure in place either in the form of the currency devaluation of the Yuan vis-a-vis the US dollar or the low cost manufacturing coupled with their huge domestic demand, which makes even the most dynamic economy beg for uniformity, albeit diplomatically.The other three emerging nations in unison with other countries should join hands so as to neutralize the impact of the protectionst moves carried out by the US and its allies.Crying hoarse in global forums like WTO or G-20 wouldn't bring much respite to these emerging economies as everywhere US or their proxies would ensure that their vested interests are kept alive, even if it means digging their own grave yard in the long run.

Climate Change Summit at Copenhagen

Copenhagen climate change summit has been built up with much fanfare as if there is no tommorrow.Accepted the fact that, the climate is witnessing a free fall in light of the frequent catastrophes like Tsunami, earthquakes,floods, heavy downpour, landslides, melting of glaciers etc. I am unable to understand the fact where was this concern some 10, 20 or even 30 years back when the so called industrialized nations had been on a rampage under the garb of industrialization?Now, when the alarming bells have started ringing, they have only the emerging nations to blame, that too for those economic steps forward which are directly related to the welfare of their citizens, i.e. a chunk of the world's population. It is time when countries like India and China should avoid taking an unilateral stance as that would enable the so called developed economies to continue with their hegemonistic design in all global affairs. The world is watching with a bated breath what is going to emanatevfrom the Copenhagen summit and believe me yours truly knows very well at the end its going to be a deadlock.WTO met the same fate time and again, and unless the discriminatory policies of the west are amended, its going to be a difficult proposition for the world at large to come on a single page.India and China have made their stands on emission cuts in the next decade or so, however, the moot question still remains-Is it going to be a dampener in their developmental curve?Is it another way by the west to block the rising clout of emerging nations, notably the ones from Asia?Many questions directly and indirectly still remains unanswered, only time will tell, what are the hidden motives behind such policies.
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