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Nearly all developed economies are counter-examples. Korea is the same way, as is the US, England, etc. All of these nations used tariffs to protect their nativ
by astazangasta 11y ago
Nearly all developed economies are counter-examples. Korea is the same way, as is the US, England, etc. All of these nations used tariffs to protect their native industry while they were developing. The same argument could be made for China, that they liberalized slowly over a period of decades to protect their native industry.
- RodericDay 11y agoThis sounds like some stuff I read from a Ha-Joon Chang book once. Who or where can I read more along these lines? I am Peruvian so the topic is extremely interesting to me.