It's funny how zealously pro free trade / ricardian "theory of comparative advantage" America was in the early 2000s when it was the industrial top dog.
Economists who drank the koolaid even paternalistically tutted at developing countries like China for doing stuff like this - genuinely believing that they were doing actual harm to their people by not just eliminating every subsidy and tariff.
Economists who drank the koolaid even paternalistically tutted at developing countries like China for doing stuff like this - genuinely believing that they were doing actual harm to their people by not just eliminating every subsidy and tariff.
The tables have really turned.