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To: orkrious who wrote (76752)	12/28/2006 1:07:54 AM
From: Wyätt Gwyön	Read Replies (3) \| Respond to of 110194

protectionism always hurts the economy it allegedly purports to protect. as in, no exceptions whatsoever. it is ALWAYS harmful well, protectionism has been a pretty successful policy for the Asians. Japan and Korea are two of the most protectionist "free" economies in the world. much more protectionist than the US. perhaps it has worked for them because protectionism is an outgrowth of their mercantilism--they use the domestic markets as springing boards for global assaults aimed at increasing market share in "strategic industries", whereas US protectionism tends to serve narrow interest groups. nter alia one of the sources of China's non-sensical mercantilism from the Chinese perspective it is very "sensical"--Japan was the first great postwar dirigiste mercantilist and the first great Asian "economic miracle". who in Asia wouldn't want to be like that? the Koreans copied Japan and now China is copying them both. i doubt it will work for China given how big the country is, but the regional history makes their choice understandable.