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Friedrich List versus Adam Smith in the Context of Modern Foreign Trade Policy of Ukraine

Author

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  • Makukha Svetlana N.

    (National University "Law Academy of Ukraine named after Yaroslav Mudryi")

Abstract

The article analyses two opposite theories of foreign trade policy: of an advocate of free trade Adam Smith and of a German economist Friedrich List who insisted on a necessity to apply protectionism under certain conditions. It is proved that the methodology applied by F. List in the study of this problem reflects, to greater extent, requirements of the dialectical law of the unity and struggle of opposites - the source of development of social relations, which manifests itself in foreign trade as a contradiction between free trade and protectionism. Possibilities and necessity of practical application of the latter in modern Ukrainian conditions are considered in the article.

Suggested Citation

  • Makukha Svetlana N., 2013. "Friedrich List versus Adam Smith in the Context of Modern Foreign Trade Policy of Ukraine," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 2, pages 6-10.
  • Handle: RePEc:idp:bizinf:y:2013:i:2:p:6_10
    as

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    References listed on IDEAS

    as
    1. Frankel, Jeffrey A & Rose, Andrew K, 1998. "The Endogeneity of the Optimum Currency Area Criteria," Economic Journal, Royal Economic Society, vol. 108(449), pages 1009-1025, July.
    2. Roland Vaubel, 1976. "Real exchange-rate changes in the European community: The empirical evidence and its implications for European currency unification," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 112(3), pages 429-470, September.
    3. Robert Barro & Silvana Tenreyro, 2007. "Economic Effects Of Currency Unions," Economic Inquiry, Western Economic Association International, vol. 45(1), pages 1-23, January.
    4. von Hagen, Jurgen & Neumann, Manfred J M, 1994. "Real Exchange Rates within and between Currency Areas: How Far Away Is EMU?," The Review of Economics and Statistics, MIT Press, vol. 76(2), pages 236-244, May.
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