Paulson: Protectionist policies won't solve crisis

Harry Dunphy ASSOCIATED PRESS Sunday, October 12, 2008 Augustin Carstens (left), Mexico's secretary of finance and chairman of the World Bank-IMF Development Committee, talks with World Bank Group President Robert B. Zoellick before the start of a Development Committee meeting in Washington on Sunday. Standing at center is International Monetary Fund Managing Director Dominique Strauss-Kahn. (AP Photo/J. Scott Applewhite) Appealing for global unity in a time of crisis, Treasury Secretary Henry M. Paulson Jr. said Sunday that isolationism and protectionism do not offer a way to contain the spreading damage. He expressed concern about the fallout on poor countries. "Although we in the United States are taking many extraordinary measures to ease the crisis, we are not pursuing policies that would limit the flow of goods,... [read full story]