There are two flavors of protectionism coming back after Trump's election and UK's Brexit. On the Far Right, Peter Navarro -current Trump's administration secretary of trade- focuses on trade deficits with China in his book "Death by China"
In UK, Nigel Farage -the UKIP pro-Brexit leader- makes a similar argument:
Experts at the Peterson Institute debated the impact of Brexit -the most recent example of protectionism- on UK's and EU's economy, with opposite conclusions:
On the "Left", economist Ha-Joong Chan argues that protectionism is good for emerging countries and that all developed countries did grow into development by protecting their "baby industries"
And Johan Norberg adds that "free trade is for the rich and big corporations"
One thing is for sure: the truth is soon to come in the form of data, proofing the arguments.
The Economist can be a good source to find it.
No comments:
Post a Comment