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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[[Category:Development Economics|100]]
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{{DES | des = Contrary to libertarian propaganda that government should not pick and choose business to support, merchantilism, protectionism and industrial policy (AKA dirigisme) have a long history of being effective in the US, Great Britain, postwar France, etc. with free trade being adopted only after dominance is achievedThese policies are responsible for the huge reductions in poverty in India, China, Korea, Bangladesh, and the rest of eastern Asia.  Government support of export industry is key. | show=}}
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{{List|title=Mercantilism And Industrial Policy Works|links=true}}
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Latest revision as of 13:20, 5 June 2021