3 ms·
The point is that a fully open economy is not necessarily the optimal strategy for a developing country. Of course this is just one aspect of development and t
by NotPaidToPost 7y ago
The point is that a fully open economy is not necessarily the optimal strategy for a developing country.
Of course this is just one aspect of development and there is no silver bullet.
Those who succeeded used protectionism and controlled opening of their economy as part of a broader strategy, governance, and culture.