Protecting the infant industry Cosmopolitan versus nationalist economists

Protecting the infant industry Cosmopolitan versus nationalist economists The passionate debate, among policy makers and theorists, over the appropriateness of protecting infant industries in developing countries was one of greatest interest in the economic literature of the eighteenth and nineteenth centuries. On one side of the argument are the British advocates of free trade, concocting subtle arguments to neutralize the boisterous aspirations of insubordinate colonies (and former colonies) yearning for independence; on the other, the standard‐bearers of Economic Nationalism, responding fiercely to the incessant firing of classical contentions. Such reaction to laissez‐faire economics gave birth to a corpus of ideas which was to form the core intellectual bulwark of commercial protectionism and cultural freedom. Discusses and comments on the conflicting views which animated the confrontation through examination of the major works of the most illustrious exponents of both factions. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Social Economics Emerald Publishing

Protecting the infant industry Cosmopolitan versus nationalist economists

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Publisher
Emerald Publishing
Copyright
Copyright © 1996 MCB UP Ltd. All rights reserved.
ISSN
0306-8293
DOI
10.1108/03068299610110879
Publisher site
See Article on Publisher Site

Abstract

The passionate debate, among policy makers and theorists, over the appropriateness of protecting infant industries in developing countries was one of greatest interest in the economic literature of the eighteenth and nineteenth centuries. On one side of the argument are the British advocates of free trade, concocting subtle arguments to neutralize the boisterous aspirations of insubordinate colonies (and former colonies) yearning for independence; on the other, the standard‐bearers of Economic Nationalism, responding fiercely to the incessant firing of classical contentions. Such reaction to laissez‐faire economics gave birth to a corpus of ideas which was to form the core intellectual bulwark of commercial protectionism and cultural freedom. Discusses and comments on the conflicting views which animated the confrontation through examination of the major works of the most illustrious exponents of both factions.

Journal

International Journal of Social EconomicsEmerald Publishing

Published: Feb 1, 1996

Keywords: Developing countries; Economic systems; Economic theory; Economists; Free trade; Industry

References

  • The Wealth of Nations
    Smith, A.

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