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And I've seen some articles/papers suggesting that protectionist policies can make sense for an emerging/developing economy to make sure that established/develo
by passthefist 8y ago
And I've seen some articles/papers suggesting that protectionist policies can make sense for an emerging/developing economy to make sure that established/developed economies don't usurp that growth by blocking them from moving up the value chain.
So it may have been good policy back when America was a fledgling economy being exploited by the Brits.
- oldsklgdfth 8y agoI believe that is the way that S.Korea developed it's economy. Specifically, they raise tariffs on automobiles to boast their own automotive industry. I think this book explains that: https://www.amazon.com/Bad-Samaritans-Secret-History-Capitalism/dp/1596915986 https://www.amazon.com/Bad-Samaritans-Secret-History-Capital...