Difference between revisions of "Mercantilism And Industrial Policy Works"
From Critiques Of Libertarianism
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[[Category:Development Economics|100]] | [[Category:Development Economics|100]] | ||
| − | {{DES | des = | + | {{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 achieved. These 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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