I must confess – the term used by me in the title of the article is not mine. It is young economist Vasily Koltashov who invented it. But we work together at the same Institute and have similar ideas.
Anyway, let’s turn to the essence of this phenomenon. It is quite simple – during the economic crisis all states try to protect their domestic markets. But they are not bold enough to impose administrative measures for this, and a sharp rise of import tariffs is against the WTO rules. Moreover, the liberal ideology blames such actions.
