Protectionism growing. According to Global Trade Alert (GTA), which monitors trade tensions, protectionism is at its highest level since 2009. A third of the measures taken involve increased customs duties and traditional trade protection measures but since July 2011 new forms of protectionism such as discriminatory investment measures, export subsidies, discriminatory bailouts, wage subsidies, and so on have been employed. These measures are causing concern insofar as they have been taken...