Article Summary
Roberto Azevedo, director-general of the World Trade Organization (WTO), reported that global trade growth estimates will be lowered for 2013 and 2014 because of increasing global protectionism. The current protectionism is based primarily in regulations rather than the more common tariffs and subsidies. Since 2008, almost 700 new trade restrictions have materialized - over 150 of those in 2012 alone - with Russia being singled out as one of the primary offenders.
Source: Kiran Moodley, "WTO warns of trade slowdown due to protectionism," CNBC, September 6, 2013.
-Refer to the Article Summary. The protectionism being granted to Russian firms will cause the greatest harm to
A) Russian manufacturers.
B) the Russian government.
C) manufacturers who export to Russia.
D) Russian consumers.

Question

Quizplus · Accepted Answer

The article states that the protectionism primarily comes in the form of regulations rather than tariffs or subsidies, and that almost 700 new trade restrictions have been put in place since 2008, with Russia being singled out as a primary offender. Therefore, the protectionism being granted to Russian firms will cause the greatest harm to manufacturers who export to Russia.

Article Summary Roberto Azevedo, Director-General of the World Trade Organization (WTO), Reported