The world needs free financial markets

The G20 meeting ended having reached in reasonable conclusions. Of particular importance was the conclusion not to raise any barriers to trade.

The financial crisis has shaken the global economy and policy makers have had to focus on short-term crisis management. As time passes, however, it becomes increasingly important, to analyse the long-term picture.

Many have argued that this is a crisis of the free market economy, with many arguing that the liberalisation moves of the last...