Every Country for Itself

Well, with this ever expanding financial crisis being on a global scale, the G-20 had made a sort of pledge/unofficial agreement to embrace free market policies and thus avoid being too protectionist because a burst of protectionism could possibly worsen this global recession. Unfortunately..., seventeen of the twenty G-20 countries have already implemented some protectionist measures in the last few months in an attempt to preserve their own jobs/industries.

*If you don't know who the G-20 are, here's a Wikipedia Link

According to the World Bank president, these tariffs or subsidies "can lead to a negative spiral of events" and that 47 "separate isolationist measures" have already been put in place since the last G-20 meeting in November.


In a way, we're all in this together as we ought to work together to fix the world's current economic crisis, yet I can also see the advantages of trying to weather the storm alone in an every-country for itself kind of way. What do you think needs to be done?