“An escalating European debt crisis may prompt governments to roll out protectionist policies, which would benefit nobody, says global investor Mark Mobius, executive chairman of Templeton Emerging Markets Group.

“With growth in many countries slowing this year (tied in part to the crisis in the eurozone), I’m concerned that protectionism could be on rise. In the end, I believe these policies don’t really protect anyone,” Mobius writes in a letter.

Overall, global trade may be slowing but so far, widespread protectionist policies haven’t popped up.”

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