Indian Ambassador asks US students to stay alert on effects of protectionism

Addressing the students at University of Florida, India’s Ambassador to the United States Nirupama Rao has asked American students to be alert to the crushing effects of protectionism as it is retrogressive and blocks economic growth and development in the age of globalization.

She held that the borders b/w nations are becoming increasingly porous, and in time, they will be progressively immaterial, as people are allowed to move freely to transact trade and commerce, and to travel without obstruction and ‘Protectionism’ in such a situation becomes a obstruction to economic growth and development because it seeks to check the flow of people, of goods and services, of ideas and technologies, building walls and is thus retrogressive.
She asked students to use their education to make the world a better place and desired they would become the builders of an even improved and high yielding partnership b/w the two democracies, India and the US.

Month: Current Affairs - April, 2012