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Different Shades of American Protectionism

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  • Pradhan, Jaya Prakash

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.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 16004.

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Date of creation: Apr 2005
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Handle: RePEc:pra:mprapa:16004

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Keywords: Protectionism; industrialization;

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Cited by:
  1. Pradhan, Jaya Prakash, 2009. "The Global Economic Crisis: Impact on Indian Outward Investment," MPRA Paper 12324, University Library of Munich, Germany.
  2. Pradhan, Jaya Prakash, 2009. "Firm Performance during Global Economic Slowdown: A View from India," MPRA Paper 17145, University Library of Munich, Germany.

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