|
|
|
|
|
by WalterBright
3138 days ago
|
|
> First world countries restrict trade all the time. That's true. That doesn't mean it produces prosperity. Consider that those same countries impose sanctions on other countries to punish them. How is a sanction different from protectionism? Consider also a more comprehensive implementation of protectionism - Smoot-Hawley, which is credited as being a major cause of the Great Depression. https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Ac... |
|
This has been one of the ways in which China has improved technological innovation at an incredibly fast pace.