European Tribune - Comments - Ask ET: Protectionism and Fledgling Economies

Ask ET: Protectionism and Fledgling Economies | 22 comments (22 topical, editorial, 0 hidden)

Re: Ask ET: Protectionism and Fledgling Economies (none / 1)

If I recall the argument went something like this:

60's: State is good, import subsitution works very well.

80's: State is bad, import subsitution works very bad.

00's: Good state is good, bad state is bad. Insitutions are very important. Import substitution generally works bad, except initially in agriculture where 80+ % of the population work.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Fri Apr 13th, 2007 at 05:32:51 AM EST

Re: Ask ET: Protectionism and Fledgling Economies (none / 0)

When the reality is more like:

effective import substitution policy is good
ineffective import substitution policy is bad
if an industry never grows up, that is either a failed infant industry policy or a successful income redistribution to the owners of those firms

Utsukushikereba sore de ii

by BruceMcF (agila61 at netscape dot net) on Fri Apr 13th, 2007 at 04:33:36 PM EST
[ Parent ]

Ask ET: Protectionism and Fledgling Economies | 22 comments (22 topical, 0 editorial, 0 hidden)

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