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For decades, trade liberalization has been pursued through a policy of "diversion and appeasement": diverting attention away from opening domestic markets by focusing on exports and foreign policy, and appeasing protectionists with "fair trade" policies that gave politically powerful industries a pass on foreign competition. That strategy worked reasonably well for a long time, and led to a gradual opening of markets around the world.

The main idea of the paragraph

Trade liberalization and economic globalization became possible (in Europe) due to the implementation of a "diversion and appeasement" policy.

在欧洲，由于奉行了“转移和让步”的政策，贸易自由化和经济的全球化成为可能。

句子分析

For decades, trade liberalization has been pursued through a policy of "diversion and appeasement": diverting attention away from opening domestic markets by focusing on exports and foreign policy, and appeasing protectionists with "fair trade" policies that gave politically powerful industries a pass on foreign competition.

在此句中：

　　1）"trade liberalization has … and appeasement"是主句

　　2）"diverting attention … and foreign policy" 和 "appeasing protectionists … competition"作同位语，分别对“转移”和“让步”进行说明，后者中的"that gave politically powerful industries a pass on foreign competition"是个限制性的定语从句，修饰名词"policies"

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