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  3. The Trade Protection Society Doctrine in the Crisis Comparisons to the Depression feature are in almost every discussion of

The Trade Protection Society Doctrine in the Crisis Comparisons to the Depression feature are in almost every discussion of

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问题             The Trade Protection Society Doctrine in the Crisis
    Comparisons to the Depression feature are in almost every discussion of the global economic crisis. In world trade, such parallels are especially chilling. Trade declined alarmingly in the early 1930s as global demand imploded, prices collapsed and governments embarked on a destructive, protectionist spiral of higher tariffs and retaliation.
    Trade is contracting again, at a rate unmatched in the post-war period. This week the WTO predicted that the volume of global merchandise trade would shrink by 9% this year. This will be the first fall in trade flows since 1982. Between 1990 and 2006 trade volumes grew by more than 6% a year, outstripping the growth rate of world output, which was about 3 % . Now the global economic machine has gone into reverse: output is declining and trade is tumbling at a faster pace. The turmoil has shaken commerce in goods of all sorts, bought and sold by rich and poor countries alike.
    It is too soon to talk of a new protectionist spiral. Nevertheless, errors of policy risk make a bad thing worse—despite politicians’ promises to keep markets open. When they met in November, the leaders of the G20 rich and emerging economies declared that they would eschew protectionism and will doubtless do so again when they meet on April 2nd. But this pledge has not been honoured. According to the World Bank, 17 members of the group have taken a total of 47 trade restricting steps since November.
    Modern protectionism is more subtle and varied than the 1930s version. In the Depression tariffs were the weapon of choice. America’s Smoot-Hawley act, passed in 1930, increased nearly 900 American import duties and provoked widespread retaliation from America’s trading partners. A few tariffs have been raised this time, but tighter licensing requirements, import bans and anti-dumping have also been used. Rich countries have included discriminatory procurement provisions in their fiscal-stimulus bills and offered subsidies to ailing national industries. These days, protectionism comes in 57 varieties.
    There are good reasons for thinking that the world has less to fear from protectionism than in the past. International agreements to limit tariffs, built over the post-war decades, are a safeguard against all-out tariff wars. The growth of global supply chains, which have bound national economies together tightly, have made it more difficult for governments to increase tariffs without harming producers in their own countries.
    But these defences may not be strong enough. Multilateral agreements provide little insurance against domestic subsidies, fiercer use of anti-dumping or the other forms of creeping protection.
G20 summit is cited as an example to______.
选项 A、show rich and emerging economies are of one mind in tackling depression
B、prove there’ll be no protectionism with the pledge of 20 rich and emerging economies
C、show that protectionism is still adopted even though there’s formal pledge of no application of it
D、show 17 out of 20 members of the G20 have taken a total of 47 trade-restricting steps
答案C
解析 事实细节题。根据题干G20 summit提示定位至第三段。根据本段第三句可知：20国集团的成员们在去年11月的峰会上表示他们将不采取贸易保护主义，且信誓旦旦地保证今年4月的峰会他们将仍然坚持这一态度。但第四句紧接着介绍：但是他们并未信守诺言。第五句提供了由世界银行提供的证据证明自去年11月以来20国集团中17国采取了47种贸易保护主义政策。由此可见，虽然在国际层面的会议上作了正式的保证，但实际上绝大多数国家在面临全球经济危机时还是采用了为数不少的贸易保护策略。所以，正确答案应该是[C]。
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