Extensive import-substitution industrialization, International Economics

Assignment Help:

Q. The United States, as it began its long and unbeaten growth in the early 19th Century, consciously promoted domestic production through such activities as tariffs, Clay's American System, and several direct subsidies to railroads, canal companies, farmers (free land) etc. Today we view this blatant example of large scale and extensive import-substitution industrialization as having been very successful.

Answer: This is an interesting emphasizes and point that economic models tend to be a-historical. Namely they lack the historic perspective and therefore may be misleading as guides to long run issues such as economic growth.


Related Discussions:- Extensive import-substitution industrialization

Describe the crisis in russia starting from 1989, Q. Describe the crisis in...

Q. Describe the crisis in Russia starting from 1989. Explain why? Answer: Must emphasize lack of tax collection, legal system, corruption, organized crime, inflation, seigni

#the classical theory of international trade title.., Critically evaluate t...

Critically evaluate the classical theory of international trade

Dev Planning and Project Eva, 1. Species that have reached the extinction t...

1. Species that have reached the extinction threshold and are on the verge of extinction – beluga whales, African elephants, mountain gorillas and the California condor might be cl

How two countries foreign exchange market linked together, Explain how the ...

Explain how the money markets of two countries are linked through the foreign exchange market. Answer:  The financial policy actions by the Fed affect the U.S. interest rate al

Is europe an optimum currency area, Q. Is Europe an optimum currency ...

Q. Is Europe an optimum currency area? Answer: Yes the area's economy is strongly integrated with its own: most EU members export as of 10 to 20 percent of their output

Partial equilibrium analysis, how do I graph partial equilibrium analysis w...

how do I graph partial equilibrium analysis with transport costs

What are main factors determining the aggregate money demand, Q. Wh...

Q. What are the main factors determining the aggregate money demand? Answer: Three major factors: the price level, interest rate and real national income. A increase i

Extensions and tests of the classical model of trsde, #question.suppose tha...

#question.suppose that France has a trade surplus with the United Kingdom. What would you expect to happen to price, wages, and commodity price in France? why? What would happen to

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd