Who is doing wrong?

The Obama administration has put strict restrictions on hiring international students by the companies who have received any amount of the bailout money that was issued in order to boost the country’s economy by giving more jobs to American citizens. Not only that, he has enacted a legislation under which any company who ships its jobs overseas won’t get some of the tax benefits offered by his new policies. They call it the ‘Recovery’; however, some call it ‘Protectionism.’
In the 70’s, when Indira Gandhi, India’s prime minister, visited the US, she was called an ‘old witch’ by the US president, Richard Nixon. It was mainly because she was supporting the independence struggle in East Pakistan, which the US didn’t want to happen. But, there were some other reasons as well, like her decision to send American firms away from doing business in India which had a deep negative impact on India’s growth for the next 20 years. At that time, the Us president was right to some extend as Mrs. Gandhi was following protectionism ,even though, some Indian economists also warned her of the dire consequences. The consequences were so dire that by late 80’s the country had to mortgage its gold to receive loan from World Bank.
In 1991, the prime minister of India had to call an economist named Manmohan Singh to hold the Finance Ministry. That moment was the cornerstone in the history of the nation; it achieved 8-9% economic growth from measly 3%.The fast growth gave India the world recognition it was longing for. Actually, the very important thing he did was the removal of many obstacles for Foreign Direct Investment (FDI) and encouraged privatization. Mainly, he scraped the protectionist polices the country was following for years. Presently, he is the prime minister of the nation.
Recently, In the G20 meeting in Britain, Manmohan Singh urged the US president not to isolate the country by some of the president’s aggressive protectionist policies. The US is going on the same route as India was 28 years ago. Dr. Singh emphasized that more global co-operation is the only key to recover from this economic recession. Global cooperation is present in the world today, for example, we know how US is dependent on Chinese manufacturing industries, and similarly, many countries are dependent on US for high-tech technologies.
In this global village, it is not hard to understand how much our lives are connected to each other across oceans. Thus, the more protectionism we adopt, the less the cooperation. Hence, the more we slide into the abyss of this crisis.