2min chapter

Macro Musings with David Beckworth cover image

20 - Douglas Irwin on Free Trade, the Gold Standard, and American Economic History

Macro Musings with David Beckworth

CHAPTER

Analysis of US Economic Development and Trade Policies

Exploring how high tariffs played a role in the US industrialization alongside other factors like technology transfer, capital markets, and immigration, showing that despite tariffs, the US had advantages like access to technology, a competitive market, and efficient producers.

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