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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.

Suggested Citation

  • Pradhan, Jaya Prakash, 2005. "Different Shades of American Protectionism," MPRA Paper 16004, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:16004
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    References listed on IDEAS

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    1. S. Mahendra Dev, 2008. "India," Chapters, in: Anis Chowdhury & Wahiduddin Mahmud (ed.), Handbook on the South Asian Economies, chapter 1, Edward Elgar Publishing.
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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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    More about this item

    Keywords

    Protectionism; industrialization;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • N12 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: 1913-
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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