Protectionism is alive and well in Russia too, as you can see in this article Russia Moves to Limit Foreign Investment.
Last year I wrote a paper for the International Finance Forum Journal likening protectionism to the turbulence that is created when fluid flows more rapidly through a cylinder. It is the result of increased velocity in the presence of friction. In the case of protectionism, it is faster global growth and faster capital flows in a world where it is costly for people to change jobs and careers. It is a side-effect of faster growth–a good thing. But we must find a way to manage it by reducing frictions via education, job training and relocation assistance.
JR
