Lessons from economies that closed their borders(seeingthesystem.com)
seeingthesystem.com
Lessons from economies that closed their borders
https://www.seeingthesystem.com/p/what-protection-costs
2 comments
Tariffs continue to be a major topic of debate. The author examines what happened to countries that closed their borders and protected domestic industry with the promise of strength and self-sufficiency. The historical record is surprisingly consistent.
Strange to leave out successful modern examples like China, South Korea, Japan, Germany until they decided to destroy their industry for green goals etc.