
Special: Can tariffs make us rich? With Ha-Joon Chang
Garys Economics
00:00
The Role of Tariffs in National Economic Growth
This chapter explores the significance of tariffs in fostering economic development, especially in poorer nations, using historical examples like Korea and the United States. It emphasizes the concept of infant industry protection, advocating for strategic use of tariffs and subsidies to boost domestic industries and improve living standards.
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