Barrier grief: The terrible perils of blocking free trade

Business

Barrier grief: The terrible perils of blocking free trade

Foreign investors won’t come in the first place if we don’t make coming (and going) easy and fair, and fun

Mark Barnes

In business, building barriers to entry is generally a good thing. In global trade, maybe not so much.

There are many contributors to business barriers to entry,  from government regulations and licences to natural physical resources. However, these barriers are often earned through investment, over time. Not decreed or gifted.

Sovereign barriers to entry are quite different. Here the range is from government monopolies, entrenched by law, to making it difficult to start up or compete in business through protectionist policies or administrative hurdles. They always make doing business in those countries that apply them difficult...

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