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Economist Arvind Panagariya criticizes the view that protectionism is good for growth. Such arguments, according to him, arise from "revisionist interpretation" of East Asian "tigers"' economic history. The Asian tigers achieved a rapid increase in per capita income without any "redistributive social programs", through free trade, which ...
Britain was the first country to successfully use a large-scale infant industry promotion strategy. However, its most ardent user was the U.S. Economic historian Paul Bairoch once called it "the homeland and bastion of modern protectionism" (Economics and World History: Myths and Paradoxes, Bairoch).
Europe's economy has left stagnation behind but is headed for only modest growth in coming months as consumers regain some of the purchasing power they lost to inflation, the European Union's ...
Protectionism is the economic policy of restraining trade between states, through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to discourage imports, and prevent foreign take-over of native markets and companies. The main emphasis of this policy is the protection of the ...
Whatever errors the Biden administration may have made pale in significance to the damage Trump’s harebrained economic plans would do. Start with his throwback fixation on tariffs and protectionism.
We analyzed 46 years of consumer sentiment data–and found that today’s ‘vibecession’ is just men starting to feel as bad about the economy as women historically have
Non-economic considerations may inhibit free trade as a country may espouse free trade in principle but ban certain drugs, such as ethanol, or certain practices, such as prostitution, and limiting international free trade. [55] Some degree of protectionism is nevertheless the norm throughout the world.
Competition from Chinese EV automakers may be starting to get to Elon Musk and Tesla. After a long battle for market share in China, Tesla's CEO issued a warning to his fellow automakers: That, on ...