Ragnar Nurkse

Instructor: Tyler Cowen, George Mason University

A now-neglected figure from the early years of neoclassical development economics.

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Broadly speaking, they defended protectionism to give domestic industries an initial boost, with the hope that those industries could later expand and also stand on their own two feet.  Our videos on trade will look more closely at whether this works, but overall the empirical record here has not been so strong.  Even if you wanted to support domestic industry, export subsidies have a stronger record than trade protectionism.

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