Almost all now-developed countries went through stages of industrial assistance policy before capacities of their firms reached the point where policy of (more or less) free trade was declared to be in the national interest. Britain was protectionist when it was trying to catch up with Holland. Germany was protectionist when trying to catch up with Britain. The United States was protectionist when trying to catch up with Britain and Germany, right up to the end of the World War II [sic]. Japan was protectionist for most of the twentieth century up to the 1970s, Korea and Taiwan to the 1990s. Wade, R. (2003) Governing the Market (2nd edition). Princeton NJ: Princeton University Press
Posted on: Sun, 24 Aug 2014 15:50:52 +0000