4 ms·

Protectionist trade policies are common in Japan too. Ford quit the Japanese market after less than 5000 units sold in 2015. http://www.iol.co.za/motoring/indu

• jgroch 10y ago
  "Protectionist trade policies are common in Japan too...." There are advantages to the way Asian economists do it. For example, not only in Japan, but especially in Korea, cell phones were standard even by the mid-90's....EVERYONE had one. And the rates were quite reasonable, too. (No contracts, either. IfIRememberRight.) But there are(/were) disadvantages to Asian Tiger economics too. After the Asian bubble burst, the Korean Wan [SouthKorean money] depreciated to the point that USArmy Sergeants were trying to buy cars (even Fords, not just Kias and Daewoos) made (or rather bought) in Korea. (The US Dollar-to-Wan rate was so out of wack that it was still more economical to buy AND ship a car back to the US across the Pacific on a boat. Unfortunately emissions standards were different; Korean cars didn't pass EPA muster.) ~circa 1998
  • chrischen 10y ago
    Protectionism in my opinion is key to helping an economy that is developing to catch up. What Should happen instead is quid pro quo trade agreements. But in Google and Uber's case Chinese industry isn't exploiting the US market, so the US companies have no right to complain.