Different Shades of American Protectionism

Pradhan, Jaya Prakash (2005): Different Shades of American Protectionism.

Abstract

America now advocates the path of free markets to industrialization. However, a cursory look into its developmental history shows that protectionism has been the hallmark of industrial, investment and trade policies followed in that country. Far from adopting free market regime, it has used the strategic interventions by state to promote American industries, especially knowledge-based ones. Therefore, developing and less developed countries should not neglect the strategic role of the state in development process and completely rely on a regime based on free market forces.

• Item Type: MPRA Paper
• Language: English
• Keywords: Protectionism, industrialization
• Subjects: F - International Economics > F1 - Trade > F13 - Trade Policy ; International Trade Organizations; N - Economic History > N1 - Macroeconomics and Monetary Economics ; Industrial Structure ; Growth ; Fluctuations > N12 - U.S. ; Canada: 1913-; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O14 - Industrialization ; Manufacturing and Service Industries ; Choice of Technology

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