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Protectionism Did Not Materialize In 2008 Recession: Economist

Monday, 21 May 2012 | 4:45 AM ET

Chad P Bown, senior economist at World Bank Development Research Group, told CNBC, "Typically during recessions you do see this rise in protectionism and it is mainly driven by three factors one is domestic unemployment increasing, sharply appreciating exchange rates and targeting new trade barriers against countries that are shrinking."