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> many western countries also subsidize markets they want to stimulate Subsidizing markets is different to favouring local suppliers. For instance, Germany's f
by Brakenshire 11y ago
> many western countries also subsidize markets they want to stimulate
Subsidizing markets is different to favouring local suppliers. For instance, Germany's feed in tariffs subsidized solar, but it didn't distinguish between German, American and Chinese manufacturers, and that policy is a major reason why solar prices have come down so much - Germany almost single-handedly supported the scaling up of capacity, and scaling down of cost of the global solar industry, from about $20/W down to $2/W.
- mcv 11y agoThat is true. Still, I find it somewhat odd to expect a relatively poor country (per capita) to subsidize rich western companies. I'm for cutting developing countries some slack.