3 ms·
Every criticism of anti-dumping (bastiat's included) makes one or more of the same three mistakes: A) industrial comparative advantage is built up in the short
by crdoconnor 11y ago
Every criticism of anti-dumping (bastiat's included) makes one or more of the same three mistakes:
A) industrial comparative advantage is built up in the short run rather than over a period of many decades.
B) that having natural resource comparative advantage is every bit as good as having industrial comparative advantage (see Russia, Saudi Arabia, Venezuela, etc. and the 'resource curse').
C) That industrial comparative advantage just appears randomly out of nowhere rather than (as is historically verified), being developed via protectionist trade policies and infrastructural development.