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Export promotion works better than protectionism. Korea built up their export industries by having a dictator imprison CEOs if they didn't try to do that. See "
by astrange 1y ago
Export promotion works better than protectionism. Korea built up their export industries by having a dictator imprison CEOs if they didn't try to do that. See "How Asia Works".
…of course, you can probably think of a more mild approach.
- js8 1y agoI am not sure what you mean by "export promotion" in the case of cloud services. Competing on price? Either way, that seems to require significant government spending and that's also difficult in the EU. I understand what you mean, I am a fan of Ha-Joon Chang, but it won't happen unless EU shifts from its neoliberal economic paradigm into something more keynesian.