| Barriers to trade |
 |
 |
| Written by Dr Madsen Pirie | |
| Thursday, 17 January 2008 | |
|
The ASI's Tim Worstall has a good piece on the Globalisation Institute site, covering what he calls "the pernicious idea" that developing countries need to shelter behind tariff barriers to protect their fledgling industries. He quotes from Power and Plenty about the 19th century protectionism in America and Europe. On balance, it appears that the new transport technologies were so cost-reducing that that their effects swamped those of rising European and American protectionism.Tim's case is that the overall costs of trade need to be low, especially transport costs, and the fact that they are not low in sub-Saharan Africa helps explain their lackluster performance. It's a good, insightful piece, and well worth reading.
Bookmark
Comments (0)
 Write comment
This content has been locked. You can no longer post any comment.
|
Subscribe to this comment's feed
About the ASI
The Adam Smith Institute is the UK's leading innovator of free-market economic and social policies. Politically independent and non-profit, the Institute promotes its ideas through reports, briefings, events, media appearances, and its website and blog. For further information, click here.Join our email list
Keep up-to-date with the latest events, reports and information from the Adam Smith Institute by joining our fortnightly email list. It's free and you can unsubscribe at any point. Just enter your email address here:
