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What's "normal economic theory"? What history shows us is that protectionism is a necessity for less developed countries to develop and catch up to more develo
by porpoisely 8y ago
What's "normal economic theory"?
What history shows us is that protectionism is a necessity for less developed countries to develop and catch up to more developed countries.
The US, Germany, Japan, Korea, Taiwan, China, etc all used protectionism to help local industries and companies develop.
The US became the largest economy in the world due to protectionism. Germany, Japan, Korea, Taiwan, China, etc all copied our template to become successful economic powers.
- coldtea 8y ago>What's "normal economic theory"? What the established economists are paid to peddle in countries that have already taken advantage of centuries of protectionism to build their economies and industries and now want everybody else (regardless of the stage they are in) to open to their wares.