The Global Village was a nice idea, but it is over. No country -- not even the once-mighty USA -- can afford to allow competitive products from overseas free access to its markets where that will result in its own workers losing their jobs or earning less.
Protectionism will return suddenly, and with a vengeance.
Those countries that have allowed certain industries to decline or fail will be poorly-positioned; the United Kingdom, under the arch Global-Villageist, Tony Blair, will be very badly hit in this respect as will the United States.
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