Protectionism in the midst of Global Recession

Protectionism tends to be a commonplace during recession.  Fortunately with the bad experience of the Great Depression, when global recession was aggravated by proliferating trade protectionism, widespread adoption of restrictive measures amid the current economic crisis has been largely avoided.  Yet some restrictive trade measures have been taken, even regardless of signs of economic recovery.  This report, while contrasting with developments during the Great Depression, portraits the contemporary state of protectionism, and assess the likely prospects and implications.