daniel Posted September 2, 2005 Report Share Posted September 2, 2005 Is it true that Britain, the US and other wealthy states had protectionism many years ago i.e the 18th/19 centuries. A protectionist on a student forum argued that this is why they became rich. He claimed this was used to allow infant industries to grow in strength. Of course India shows this to not be the case as these industries had no competition and so no reason to improve. Does anyone know a statistic which shows a correlation between protectionism (or lack of it) and wealth of states. Quote Link to comment Share on other sites More sharing options...
Captain Nate Posted September 2, 2005 Report Share Posted September 2, 2005 The US economy grew in spite of protectionism. If you look at the success of the US economy, look no further than the Constitution which creates a free-trade zone (all though that's not what they would have called it then) among the States which increased their prosperity. It's a real no brainer. Quote Link to comment Share on other sites More sharing options...
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