{"id":2940,"date":"2008-01-28T16:40:59","date_gmt":"2008-01-28T11:10:59","guid":{"rendered":"http:\/\/www.ravikiran.com\/blog\/classic\/200801\/tariffs-for-a-growing-country\/"},"modified":"2008-01-28T16:41:39","modified_gmt":"2008-01-28T11:11:39","slug":"tariffs-for-a-growing-country","status":"publish","type":"post","link":"https:\/\/www.ravikiran.com\/blog\/classic\/200801\/tariffs-for-a-growing-country\/","title":{"rendered":"Tariffs for a Growing Country"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.globalisation.eu\/index.php?option=com_content&amp;task=view&amp;id=1287&amp;Itemid=9\">second post<\/a> on the Globalization Institute blog links to a book which\u00a0contests the idea that protectionism is good for developing countries.\u00a0 Yes, the currently rich countries imposed heavy tariffs when they were in the growing phase. But this does not mean that the tariffs were good for them. Rather, the tariffs themselves are <em>evidence that a lot of trade was occurring<\/em>. Note that an isolated country does not need to impose tariffs, because no one can import or export to that country anyway. It is only when the country is exposed to the outside world that domestic producers start lobbying for tariffs on imports. In the 19th century, something similar happened. New transport technologies reduced the costs of trade so much that imports suddenly became possible. It was to stop those imports that tariffs were imposed. But&#8230;<\/p>\n<blockquote><p>On balance, it appears that the new transport technologies were so cost-reducing that that their effects swamped those of rising European and American protectionism.\u00a0<\/p><\/blockquote>\n<p>So, nope. Trade is not bad for you, whatever your level of development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The second post on the Globalization Institute blog links to a book which\u00a0contests the idea that protectionism is good for developing countries.\u00a0 Yes, the currently rich countries imposed heavy tariffs when they were in the growing phase. But this does not mean that the tariffs were good for them. Rather, the tariffs themselves are evidence [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/posts\/2940"}],"collection":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/comments?post=2940"}],"version-history":[{"count":0,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/posts\/2940\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/media?parent=2940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/categories?post=2940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/tags?post=2940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}