Simon Evenett

Why G20 Finance Ministers Have A Stake in Resisting Protectionism

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Image: Baden-Baden
The G20 is meeting in the spa-town Baden-Baden

According to consistent press reports, drafts of the communiqué prepared for the G20 Finance Minister and Central Bank Governers at their forthcoming meeting at Baden-Baden on 17 and 18 March 2017 have dropped clear statements rejecting protectionism and competitive devaluation of currencies. Apparently, generic language about keeping “an open and fair international trading system” is to be substituted. Does this matter?

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