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Free trade part III

Protection did, and does, work - whatever economic liberals say

By Michael Lind   March 2003

Two individuals with the name Philippe Legrain appear to have written in response to my enthusiastic review of Ha-Joon Chang’s defence of economic nationalism, Kicking Away the Ladder (“Free Trade Fallacy II,” Prospect, February).

Legrain I agrees with Chang and me that both free trade and protection may be appropriate for different countries in different circumstances. According to Legrain I, “For sure, there is a respectable theoretical case for limited, and temporary, government support to infant industries…” Furthermore, Legrain I writes, “Lind concludes by calling for developing countries to have a choice in selecting a development strategy. Quite right-and they…

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