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Why Industrial Policy Is (Almost) Always a Bad Idea (with Scott Sumner)

EconTalk

CHAPTER

Trade, Neoliberalism, and Nationalism

This chapter examines the evolving perceptions of trade, particularly in relation to historical biases around ethnicity and national security. It discusses the economic outcomes of neoliberal policies compared to socialist models, emphasizing the successes of globalization while critiquing the rise of protectionist sentiments.

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