POLI 227 Lecture Notes - Lecture 11: Four Asian Tigers, Sub-Saharan Africa, Korean War
6 Apr 2017
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Can be effective if you have a large market. But you"re making your public pay more for goods. Domestic industry may become dependent on tariff barriers. South korea was incredibly poor after korean war, look where it is now. It was not a good case of free trade, it did a bit of both. If you do(cid:374)"t wa(cid:374)(cid:374)a let people i(cid:374) your (cid:373)arket, they do(cid:374)"t wa(cid:374)(cid:374)a let you i(cid:374) their market. Only reason they and japan could protect their industries was bc of the cold. Entirely self-reliance (north korea to some extent, communist albania did it) Just because it"s based in the west doesn"t actually mean it"s working in the interest of the west. Many countries in developing world have significant reliance on these exports. Sub-saharan africa, on avg it was over 100% of gdp. Growth of absolute debt in third world growing after 70s. Really isn"t going to change structure of the international system.
