Difference between revisions of "Mercantilism And Industrial Policy Works"

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{{DES | des = While free trade might be optimal, until there is a world government to enforce it there will be merchantilism.  Industrial policy has a long history of being effective.  Merchantilism and industrial policy work and are responsible for the huge reductions in poverty in India, China, Korea, and the rest of eastern Asia.  Government support of export industry is key. | show=}}
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{{DES | des = Merchantilism and industrial policy have a long history of being effective in the US and Great Britain, with free trade being adopted only after dominance is achieved.  Merchantilism and industrial policy work and are responsible for the huge reductions in poverty in India, China, Korea, and the rest of eastern Asia.  Government support of export industry is key. | show=}}
 
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Revision as of 09:15, 3 April 2013