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ARTICLE · 15 MARCH 2017

Of Blackberrys, Pineapples And Trade

Deloitte
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Free trade helped power a dramatic rise in living standards in the West in the nineteenth and twentieth centuries.

United KingdomAntitrust/Competition Law
Ian Stewart
Ian Stewart
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Free trade helped power a dramatic rise in living standards in the West in the nineteenth and twentieth centuries. In the last three decades it has had a similar impact on the welfare of billions of people in emerging economies.

Yet in the face of a backlash against globalisation, free trade is arguably more at risk than at any time since the 1930s. Those who want to limit trade see it as a way of "bringing home" high-quality jobs and reinvigorating industry.

Argentina's recent experience with trade barriers tells a different story.

Argentina has pursued relatively restrictive trade policies since the Second World War. Starting in 2007 Argentina's former president, Cristina Kirchner, adopted new protectionist measures as part of a 'Made in Argentina' drive.

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