Heterodox
From Ha-Joon Chang’s 23 Things they Don’t Tell you about Capitalism:“Here are the profiles of two developing countries. You are an economic analyst trying to assess their development prospects. What would you say?Country A: Until a decade ago, the country was highly protectionist, with an average industrial tariff rate well above 30 per cent. Despite the recent tariff reduction, important visible and invisible trade restrictions remain. The country has heavy restrictions on cross-border...
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