UNITED KINGDOM-PROTECTIONISM COMES INTO PLAY..
The stimulus package recently cobbled together by the American Congress, for example, contains "Buy American" provisions. These actively discriminate against foreign imports. Likewise, an economic assistance package recently offered by the French government to domestic car companies is contingent upon these businesses not closing any plants based inside France. This means that some plants owned by these companies outside France will be closed - no matter how much more efficient they may be than French-based factories.
Those who immediately stand to lose the most from this wave of protectionism, however, are not Europeans and Americans. Among the biggest losers will be Latin American nations. This is especially true when it comes to the shift toward financial protectionism now underway in Europe and America.