Hello I’m Charlotte Bellis and you’re watching Newsy.com…

Leaders are addressing a massive economic challenge at the World Economic Forum in Davos, Switzerland.

They’re confronting a fear that’s resonating around the world – that countries will look inward and close international ties during these hard times.

We examine coverage from CNBC, China Daily, Canada’s Globe and Mail, and the BBC.

Speaking with CNBC in Davos, former UK Prime Minister Tony Blair emphasizes the importance of global cooperation during these times…  

“We’re in it together and we get out of it together and therefore protectionism is actually the enemy.” (CNBC)

China and Germany are two nations who are proactively taking an anti-protectionist stance.

China Daily reports German Prime Minister Angela Merkel saying that the two countries were determined to…

"maintain trade relations at their current level and, if possible, increase them.” (China Daily)

Canada’s globeandmail.com criticizes the possibility of a protectionist America in a headline saying…

“Buy American, spark a global trade war”
The editorial focused on the international consequences of protectionism, saying…

“The problem, of course, is that your trade partners start thinking the same way. It is happening already. The European Union says it will not stand "idly by" while Washington bars European goods with its Buy American stand.” (The Globe and Mail)

Let’s go back to the UK. The BBC brings a warning from British Prime Minister Gordon Brown to avoid neglecting worldwide humanitarian concerns…

“…The world's leading countries must not use the global economic crisis to "renege" on commitments on global poverty and climate change.” (BBC)

Do you think the slogan ‘Buy American’ is irresponsible? Do you think countries are doing enough to work together? Please leave your comments and be sure to check out our sources.

Business News

Pushing for Global Economic Cooperation

January 30, 2009
Leaders at the World Economic Forum in Davos, Switzerland, are discussing solutions to the global economic crisis. Many have expressed the importance of working together to avoid protectionism. Newsy.com looks at the impact.
   
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